HB 292 (2025)
Create revolving loan fund for public schools
This bill did not become law.
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.
The House and Senate did not agree on a final version of the bill.
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