HB 620 establishes a financial assistance program for open-enrollment charter schools to support the acquisition or construction of student facilities. The program may provide forgivable loans, loan guarantees for charter holders operating successfully for at least five years, and assistance in obtaining private loans. The commissioner of education is tasked with implementing rules to administer the program. The bill addresses the need for adequate educational facilities in the growing charter school sector, aiming to ensure quality infrastructure for students​.