HB 3372: Charter schools; Revolving Loan Fund Program for Charter School Capital Expenditures; Statewide Charter School Board issuing low-interest loans to charter schools through a revolving fund; Charter School Loan Revolving Fund; appropriation; Charter School Bond Credit Enhancement Program; allowing charter schools to issue bonds; Charter School Bond Credit Enhancement Fund; interest allocation; default; special obligations; effective date. - Oklahoma

Floor (House) → Floor (Senate) · 3 edits

MINOR

The bill was transitioned from the House version to the Senate version, which includes significant formatting updates and a reorganization of the text. The Senate version adds a specific date (April 7, 2026) and reorders the legislative findings to list them as a single bracketed item rather than a detailed narrative. The substantive policy content regarding charter school funding, loan programs, and fee structures appears to remain consistent between the two versions.

Scope change

The bill's scope and applicability remain unchanged; this is a procedural version change from the House to the Senate.

TECHNICAL

The header and title page were updated to reflect the Senate Floor Version, including the addition of a specific date (April 7, 2026) and a change in the bill's subtitle from 'Committee Substitute' to 'Engrossed House'.

The legislative findings and purpose section were condensed from a detailed paragraph into a single bracketed list item, altering the presentation but not the substance of the findings.

Page numbering and footer text were updated to reflect the Senate version format, including the addition of a legend indicating that bold face denotes committee amendments.

Proposed Committee Substitute (full committee) 1 → House Committee Substitute · 4 edits

MODERATE

The bill was completely rewritten to update its title and section numbers, reflecting a shift from a 'Proposed Committee Substitute' to a 'Committee Substitute' after further review. The core policy content regarding charter school funding and the Revolving Loan Fund remains substantively the same, but the text was reorganized to align with new legislative requirements and formatting standards.

Scope change

The bill's scope and applicability remain unchanged; the revisions are primarily technical updates to the bill's title, section headers, and page numbering to conform to the latest committee amendments.

TECHNICAL

The bill title and section headers were updated from 'Proposed Committee Substitute' to 'Committee Substitute' to reflect the bill's current status in the legislative process.

Page reference numbers in the header were updated from 'Req. No. 16824' to 'Req. No. 17010' to match the new document sequence.

Line numbers and section numbering were re-indexed throughout the document to correct the sequence after the text was re-inserted.

The bill text was re-formatted to remove the 'Proposed' designation and ensure consistency with the final committee substitute version.

Enrolled (final version) → Proposed Committee Substitute (full committee) 1 · 1 edit

MINOR

The bill text was reformatted from an enrolled final version to a proposed committee substitute, which includes a new header indicating the amendment is by Representative Rob Hall. The substantive legislative content, including the specific sections of law being amended and the detailed provisions regarding charter school funding and loan programs, remains identical to the original version.

Scope change

No change in the scope or applicability of the bill; the changes are purely structural and formatting.

TECHNICAL

The document header was updated to reflect the committee amendment status and the sponsor's name, while the body of the bill text remained unchanged.

Engrossed → Enrolled (final version) · 4 edits · Apr 27, 2026

MODERATE

The bill was finalized from its 'Engrossed' version to the 'Enrolled' version, which is the official text signed into law. The substantive policy content regarding charter school funding, loan programs, and bond credit enhancements remains identical; the changes are purely technical formatting updates, such as removing draft page numbers and standardizing the header text.

TECHNICAL

Updated the document header from 'ENGROSSED HOUSE' to 'ENROLLED HOUSE' to reflect the bill's final status.

Removed draft page numbers and internal markup symbols (e.g., 'ENGR. H. B. NO. 3372') that were present in the working version.

Consolidated the title and summary of the act into a single, clean paragraph, removing the fragmented layout used in the draft.

Reformatted the statutory text to remove line breaks and indentation, presenting the legal sections as continuous paragraphs.

Introduced → Engrossed · 4 edits · Apr 23, 2026

MODERATE

The bill was amended to transition from an introduced draft to an engrossed version, incorporating specific policy changes regarding the management of charter school funds. The most significant substantive change is the shift in authority for setting interest rates on charter school loans from the Statewide Charter School Board to a third-party financial administrator. Additionally, the new version mandates the selection of a third-party financial administrator for the bond credit enhancement program and introduces stricter rules requiring state aid funds to be intercepted to pay bond obligations, while prohibiting the revocation of these payment directives.

Scope change

The bill's scope remains focused on charter school funding and capital expenditure programs, but the mechanisms for administering loans and bond enhancements have been altered to involve external third-party administrators rather than internal state boards.

REQUIREMENT

Authority to set interest rates on charter school loans was transferred from the Statewide Charter School Board to a third-party financial administrator.

The bond credit enhancement program now mandates the selection of a third-party financial administrator.

New provisions require state aid funds to be intercepted to pay bond obligations, and explicitly prohibit revoking or amending payment directives.

TECHNICAL

The bill text was updated to reflect the 'Engrossed' status, including changes to the title page and section numbering.

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