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Charter School Revolving Loan Fund

NOTE: The application due date for this program has passed.

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 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
Phone : 916-324-7139
E-mail : jhenders@cde.ca.gov
Fiscal Jacqueline Henderson
Phone : 916-324-7139
E-mail : jhenders@cde.ca.gov
Division Charter School Division
Phone : 916-322-6029
Fax : 916-322-1465

Last Modified: September 12, 2006

California Department of Education
1430 N Street
Sacramento, CA 95814

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