Creating Charter School Revolving Loan Fund

SB 1051 creates a Charter School Revolving Loan Fund to provide low-interest loans specifically for public charter school facility projects (like building or renovating school buildings) in West Virginia. The fund is administered by the Professional Charter School Board, with loan repayments recycled back into the fund to support future projects. The bill requires the Board to establish rules for the fund's operation and mandates that initial loans be distributed during the 2027 fiscal year, pending state appropriations. This directly affects public charter schools seeking facility funding and the Professional Charter School Board as the fund administrator.