NEVADA SENATE REPUBLICANS APPLAUD STATE INFRASTRUCTURE BANK’S INVESTMENT IN PUBLIC CHARTER SCHOOL CAPITAL
(Carson City, NV, October 31, 2023) – Yesterday, the State Infrastructure Bank approved a $100 million revolving loan fund which will provide public charter schools an opportunity to receive funding to improve and expand their school facilities. The Nevada Facilities Fund (NVFF) will allow charter school operators, who are currently reliant on grants, donations, bonds and leases to pay for their school building projects, to instead focus more time and energy on what they do best, serving students.
This historic investment will allow more seats for highly successful public charter schools to expand operations in underserved communities across the state. “This investment is major for Nevada’s public charter schools. As a former charter school educator and administrator, I know how crucial this funding will be to expand these highly successful public school options throughout Nevada,” commented Assistant Leader, Dr. Carrie Buck (SD-5, Henderson). “Parents deserve more educational options and the over 62,000 students who attend public charter schools should be safe and secure in their facilities. These schools are already doing so much with less compared to their traditional counterparts to provide a quality education, excellent extracurriculars, and the NVFF will now assist in providing them with the resources to secure reliable school buildings. Coupled with the charter transportation grants passed in Governor Lombardo’s AB 400 this past session, I am very grateful for his continued efforts in supporting all Nevada students to excel in the school that best suits their needs,” she continued.
Charter school operators who would like more information or who would like to be considered for possible financing from the NVFF can email: [email protected].