Revises provisions governing the funding of schools. (BDR 34-1087)

AB 435 creates a new State Public Charter School Facility Fund in the state treasury to finance charter school facilities. The fund allows the State Public Charter School Authority to request bonds secured by the fund to cover construction, repairs, site acquisition, or leasing of buildings for charter schools. County school districts may also levy a special tax on property to fund this facility fund, with proceeds remitted to the State Treasurer for the fund. This directly affects charter schools (sponsored by the Authority) and county school districts that choose to implement the new tax. The bill establishes clear mechanisms for bond issuance, revenue requirements, and fund administration under existing state securities law.