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HB 292 (2025)

Create revolving loan fund for public schools

This bill is still active.

Last updated 2026-01-29 2:47 pm
Summary:

Creates a commission to study the issue of school administrative unit (SAU) consolidation.

The senate amended the bill to instead create a school district adequacy revolving loan fund. School districts could borrow up to 75% of the amount of school funding they expect from the state over the next year. The state treasurer would set the loan interest rate. School districts that accept loans would be audited by the legislative budget assistant.

Bill Sponsor:
Rick M. Ladd
Republican party logo
Status:
SENATE
Public Hearing Date:
10/14/2025 01:00 pm
Public Hearing Location:
GP Room 232
House Voting Date:
03/26/2025
Senate Voting Date:
01/07/2026
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