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

Idaho's H 331 amends the public charter school facilities program to revise eligibility requirements and financial mechanisms for schools seeking bond financing for facility improvements. It requires qualifying schools to submit documentation proving financial stability (e.g., 3 years of good standing, 20% budget cap for facility costs, 1.2 debt service ratio), academic performance (or exemption for 100% at-risk schools), and unqualified audits. The bill mandates schools to deposit 12 months of debt payments into a restricted reserve account, intercept state education funds directly to bond trustees, and pay fees (0.5% at issuance, 0.075% annually) into a state program fund. This directly affects Idaho public charter schools seeking facility financing under the program, with changes effective July 1, 2025.