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Show A6 The Salt Lake Tribune 2003 UTAH LEGISLATURE Friday, February No Road Funds to Divert, Leavitt Told Bill Would Establish Loan Fundfor Charter Schools BY RONNIE LYNN cue RET? 7s CH SALT LESS eeu Charter schools fur Charter school promoters. including Gov Leavitt have e advocated advocated ways i0v. M e Leavitt, we to equalize operational and capital fund- could borrow capital from state-generated bond reve- As a result, less funding than traditional public Utah’s charter schools schools. In his State of the State address, weightedpupil unit funds,publicschools’ . oper Leavitt pressed for setting up a revolving primarysourceofstatefundingfor Committee. loan fund s, “This is a bold concept and an important and nec: y one,” Leavitt's gen- said Curtis. Trving to spendit ° programs would be like “those #12-months-free-interest deals ; re e Metiway Searottion = have had to pay rent through state nues under a bill advanced Thursday by the House Government Operations Sponsored by Rep. Jim Ferrin, R Orem, House Bill 110 would establish a THE SALT LAKE TRIBUNE Majority Republicans in the _ Majority say Republicans “ie Lecislative the cash in Gov Mike "Lavit smants to shin But charters do not haveauthority to lev 'y taxes es or or seek se k bon bonds to p pay for con: structing or renovating buildings. ing for charter schools, which tend te get 7, 2003 aed eu “a shortfalls Pee simp! imply publ said Nathan Rathbun, who serves on Timpanogos Academy's board of di rectors. Se availa Dee aus isn't available. One p Re Re- lawmakercalled the The state’s 10-year Centen- nial Highway Fund Project, Starting in 1997,originally5 was <osedto be mostly paid off within the decade time frame. plan“road robbing.” But thelatest figures indicate The GOP House Caucus em: tctanding balance of $1.4 billion in 2008. evolvingloan fund from the proceeds of eral counsel, “Theycanuse100 percent of their WPU phasizedthe point by distribut The state Bonding Commission would issue the bonds, but a five-member, vernor-appointed board would manage he fund Charter schools are public schools funded by tax dollars. They are empowered to use innovative teaching methods but must adhere to most of the same fi- 2 our WPU for textbooks,” hesaid. “ teachers, books andsupplies, but also for our facilities, which, in some cases, are pretty meager.” fromthegeneralfundis needed to make debt payments on roadsbuilt or beingbuilt “The debts are already Gochnoursaid Leavitt’s plan to shift $84 million from highvays back to general operao ie realistic “WOO tot voted against the bill, saying she was concerned about the possible fiscal im pact to the state, which wasstill being tudied whenFerrin presented the bill other public schools Utah has12 operating charter schools and at least four more have been approved to openinfall 2003. borrow upto$5,000 multiplied by theproposed building’s maximum student capacity. rlynn@slitrib.com “WeleGreg Curtis, R-Sandy. gally haveto pay ourdebts.” The cashLeavitt is propos: ing to transfer “is not there,” eae is vied eae oe ei cats Apeh , a possible effect on future budgets. 1p to $20million in bond sales Rep. Roz McGee, D-Salt Lake City, Doxey, Gary committee. told the hers, students and nancial and educational standards as ing a spreadsheetshowingcash Underthebill, a charter school could there,” said Majority Leader Spokeswoman Hom ee oy Natalie bond saint at | ~ PREVIEW DAY TODAY 9AM-11PMSATURDAY8AM-11PM AUB bynag ai Uae)= BONUS COUPONS ESSORIES AVINGS60-75% JANDBAGS- \ NINE WEST - VALERIE STEVENS - BANDOLINO EASY SPIRIT - AMANDA SMITH © ANGIOLINI + MUDD - KAREN SCOTT Li eeCB Ry eeee rn ce | ; DIAMOND ACCENT PENDANTS reeceee MARCASITE SALE 29.99-59.99 reg. $60-$120. Set in 10K gold. PENDANT: : ; AFTER F Peary 14K GOLD EARRINGS SALE 19.99reg. $40. SALE 19.99 reg. $40. GMT YNa es. BESTBUY| BESTBUY |care 176,99 ‘ 4 ab Me { 2 STERLNG SILVER CHARM BRACELET 2 }y y Curr. 29.99. e ree pLUS ican oversterling. Bridge Jewelry. Friday: Downtown Portland GAM-9PM. 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