Today, Senator Kevin Grantham’s (R-Cañon City) bill to expand the flexibility of the Charter School Institute (CSI) passed the Senate State, Veterans & Military Affairs Committee unanimously. Senate Bill 143 would allow the Charter School Assistance Fund greater authority to grant funding to charter schools in the case of a funding emergency.
“This bill expands the criteria for when the Charter School Institute can offer grant funding and interest-free loans to help charter schools cover funding emergencies,” Grantham said. “It is a necessary step to help charter schools invest in student outcomes.”
The bill now moves to the Senate for full consideration and was placed on the Consent Calendar.