Charter School Revolving Loan Fund
NOTE: The application due date for this program has passed.
Funding Description
The Charter School Revolving Loan Fund provides low-interest loans to new charter schools to help meet purposes established in the schools' charters.Eligibility
| Eligible Applicants | Nonprofit organizations, other organizations or agencies |
|---|---|
| Required Eligibility Criteria | Eligible applicants are start-up public charter schools whose locally approved charter petition has been numbered by the California State Board of Education and has a County District School (CDS) code. Eligible charter schools can not be conversion charter schools or charter schools renewed by their charter-authorizing entity. |
| Other Eligibility Considerations | Loan applications may be submitted by any charter school meeting the Required Eligibility Criteria stated above; however, any loan approved for funding will not be scheduled for disbursement any earlier than six months prior to opening pursuant to Education Code Section 47652 (b), which in no case will be earlier than January 1 of the calendar year in which they open. |
| Eligible Grade Level(s) | K-12 |
| Eligible Age Level(s) | Not Applicable |
Funding
| Legal Authority | Education Code Section 41365(a) |
|---|---|
| Source / Type | State / Apportionment |
| State Fiscal Year | 2005-06 |
| SACS Resource / Revenue Codes | 0000 / 8979 |
| Total Available | $6,000,000 |
| Recipient Amount | $250,000 maximum |
| Match Requirement | No |
| Allocation Formula | Unavailable |
Important Dates
| Date Application Available | July 1, 2005 |
|---|---|
| Due Date | April 30, 2006 |
| Expected Notification Date | Unavailable |
Additional Information
| Application | Unavailable |
|---|---|
| Background | Charter School Revolving Loan Fund Information [http://www.cde.ca.gov/sp/cs/as/csrevloantoc.asp] |
| Fiscal | Unavailable |
| Other | Eligible charter schools that are incorporated can apply directly for a loan. All other eligible charter schools must apply jointly with their charter-authorizing entities. Applications are accepted, and notifications are distributed, from July through April of each fiscal year. |
Contacts
| Program | Jacqueline Henderson, 916-324-7139, jhenders@cde.ca.gov |
|---|---|
| Fiscal | Jacqueline Henderson, 916-324-7139, jhenders@cde.ca.gov |
| Division | Charter School Division, 916-322-6029 (phone), 916-322-1465 (fax) |
Last Modified:
September 12, 2006
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