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Charter schools would gain new rights to purchase both land that school districts formally declare "surplus" and buildings districts decide to decommission, putting charter schools on equal footing with cities, towns, and counties in these purchases; districts would have to give at least 90 days' notice before selling a decommissioned building, price it using an independent appraisal, and choose among competing buyers based on factors such as educational program fit, financial capacity, and community benefit if more than one entity wants the property. If a charter school buys a decommissioned building and later wants to sell it, the original school district would get the first opportunity to buy it back at the price the charter school paid plus the cost of any improvements; if the district passes, other charter schools and local governments would get the next chance, and any profit from an eventual sale to an outside buyer would be split evenly between the charter school and the district. The bill would also require every charter school governing board member to take a formal oath of office pledging to uphold the U.S. and Utah constitutions, and would add language to state law explicitly stating that charter schools are public schools eligible for public funding, facilities, and programs on the same basis as other public schools. Finally, the bill would eliminate the existing Charter School Revolving Account, which provides state loans for charter school construction and startup costs, and replace it with a new Charter School Revolving Fund overseen by the Utah Charter Finance Authority, which would set new loan caps — up to $1,000,000 for facility expansions or up to 25% of a requested amount for acquiring or building a facility — along with new interest rates and repayment terms.