Up to 25 years, forgiven a year at a time while the school keeps running.
The bill orders the education commissioner to set up a state program that helps open-enrollment charter school operators pay to build or buy school buildings, using money the Legislature sets aside or that is otherwise available. The help can include loans of up to 25 years that are forgiven one year at a time while the charter school keeps running, loan guarantees for operators with at least five years of operation, and help getting loans from private lenders. Charter holders could get state-backed building money starting September 1, 2025, if funds are there.
Labels
Labels: ZOMBIE BILL. Died 2 times: 88R HB 1122 (Died in committee) and this bill (Died in committee). Checked against 88R only.BACK FROM THE DEAD. Same text as a bill filed before that died: 88R HB 1122 (Died in committee). Filed in 2 sessions, counting this one. Checked against 88R only.TRY NO. 2. Filed in 2 sessions: 88R and 89R. Checked against 88R only.NEVER GOT A HEARING. Filed Nov 12, 2024 and referred to the House Public Education committee. No public hearing. The bill died.
relating to a financial assistance program for open-enrollment
charter school facilities.
WHAT IT DOES
Up to 25 years, forgiven a year at a time while the school keeps running.
The bill orders the education commissioner to set up a state program that helps open-enrollment charter school operators pay to build or buy school buildings, using money the Legislature sets aside or that is otherwise available. The help can include loans of up to 25 years that are forgiven one year at a time while the charter school keeps running, loan guarantees for operators with at least five years of operation, and help getting loans from private lenders. Charter holders could get state-backed building money starting September 1, 2025, if funds are there.
Data snapshot Oct 26, 2026 at 4:19 AM CDT. Grades, charges, quotes and corrections follow the published record.
House committee · Public Education · Final status: Died in committee
Subjects
Education--Primary & Secondary--Charter Schools
Education--Primary & Secondary--Facilities
Education--Primary & Secondary--Finance
LOANS
EDUCATION, COMMISSIONER OF
Text
The text as introduced · 212 words
89R3633 BCH-F
By: Gervin-Hawkins
H.B. No. 620
A BILL TO BE ENTITLED
AN ACT
relating to a financial assistance program for open-enrollment
charter school facilities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter D, Chapter 12, Education Code, is
amended by adding Section 12.1063 to read as follows:
Sec. 12.1063. FINANCIAL ASSISTANCE FOR FACILITIES. (a)
Using funds appropriated or otherwise available for the purpose,
the commissioner shall develop and implement a program under which
the state provides financial assistance to a charter holder seeking
to construct or acquire adequate facilities for student
instruction.
(b) The program may include:
(1) the provision of forgivable loans, including loans
for a period of not more than 25 years structured so that each year
that the charter holder successfully operates the open-enrollment
charter school, the charter holder is released from the obligation
to pay that year's portion of the loan;
(2) a loan guarantee process for a charter holder that
has successfully operated an open-enrollment charter school for at
least five years; and
(3) the provision of assistance to charter holders in
obtaining loans for facilities directly from private lenders.
(c) The commissioner shall adopt rules necessary to
implement this section.
SECTION 2. This Act takes effect September 1, 2025.