JFAC transfers $750K to charter facilities fund

With no discussion, JFAC has voted 19-0 to transfer $750,000 from one of the state’s savings accounts, the Economic Recovery Reserve Fund, to the Charter School Debt Reserve Fund, which lawmakers created in 2015 but didn’t put money in. Rep. Rick Youngblood, R-Nampa, said, “This is a good start for HB 309 in 2015. … It’s a good use, for our charter schools.”

To qualify for any of the money, a charter school would need approval from the Idaho Housing and Finance Association, and a letter of commitment for financing for facility improvement or construction.