EDUCATION – Amends existing law to revise provisions regarding the public charter school facilities program.

This bill amends Idaho's public charter school facilities program to strengthen eligibility requirements and financial safeguards. It requires qualifying charter schools to provide detailed financial documentation (including 3 years of academic/operational standing, a 20% operating cost cap, and strong audit opinions), maintain a 12-month debt reserve, and direct state education funds directly to bondholders via a mandatory payment intercept. The changes apply specifically to Idaho public charter schools seeking facility financing through bonds. The bill also establishes a dedicated state fund to administer the program, collecting fees (0.5% one-time, 0.075% annual) from participating schools.