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Charter School Revolving Loan Fund

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


Funding Description

This program 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) Not applicable
Eligible Age Level(s) Not Applicable

Funding

Legal Authority Education Code Section 41365(a)
Source / Type State / Apportionment
State Fiscal Year 2006-07
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, 2006
Due Date April 30, 2007
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: July 18, 2007
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