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Mr. President:
The Education Committee reports a favorable recommendation on S.B. 152, CHARTER
SCHOOL FINANCING, by Senator J. Valentine, with the following amendments:
Aaron Osmond
1. Page
10, Line 290
:
290
(e) any other criteria the authority determines
is
}
are
relevant.
2. Page
11, Lines 309 through 315
:
309
reserve fund requirement if
310
(i)
the money is withdrawn for the purpose of
}
paying the principal of,
redemption price
311
of, or interest on a bond when due and if no other money of the qualifying charter school
is
312
available to make the payment, as determined by the authority; or
313
(ii)
the payment of
}
paying
any redemption premium required to be paid
when the bonds are
314
redeemed prior to maturity if no bonds will remain outstanding upon payment from the
funds
315
in the qualifying charter school's debt service reserve fund.
Respectfully,
Committee Chair
Voting: 6-0-1
3 SB0152.SC1.wpd /AMN AOS/CCS 2/2/12 3:10 pm
Bill Number
*SB0152*
SB0152