Charter School Revolving Loan Fund

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

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	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