Election of Direct Funding Option
A charter school may elect to receive its funding directly, in
lieu of having it disbursed to the local educational agency that
granted its charter. On or before June 1 of each year, a charter
school electing funding in this manner shall so notify the county
superintendent of schools of the county in which the local educational
agency that granted the charter is located or, in the case of
charters for which the State Board of Education has designated
an oversight agency pursuant to Education Code Section
47605
(k)(1)
, the county superintendent of schools of the county in
which the designated oversight agency is located.
An election to receive funding directly shall apply to all funding
that the charter school is eligible to receive, including, but
not limited to, the charter general-purpose entitlements and the
categorical block grant computed pursuant to Education Code
sections 47633
and 47634
, other state and federal categorical aid, and lottery
funds.
