Charter School Revolving Loan Fund

Funding Description

The purpose of the Charter School Revolving Loan Fund is to provide loans to charter schools to assist them with activities that meet the purposes of their approved charters. A charter school may receive up to $250,000, and priority for funding will be given to new charter schools for initial expenses. The Revolving Loan program is available to any charter school that is not a conversion of an existing public school, and that has not yet completed the full term of its initial charter.

Eligibility

Eligible Applicants	Local educational agencies, nonprofit organizations
Required Eligibility Criteria	The Revolving Loan program is available to any charter school that is not a conversion of an existing public school, and that has not yet completed the full term of its initial charter.
Other Eligibility Considerations	Not applicable
Eligible Grade Level(s)	K, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12,
Eligible Age Level(s)	Not applicable

Funding

Legal Authority	California Education Code sections 41365-41367
Source / Type	State / Apportionment
State Fiscal Year	2010-11
SACS Resource / Revenue Codes	0000 / 8979
Total Available	$1,800,000
Recipient Amount	$250,000 (maximum)
Match Requirement	No
Allocation Formula	Funding amounts are determined by need and ability to pay.

Important Dates

Date Application Available	October 15, 2010
Due Date	April 30, 2011
Expected Notification Date	June 30, 2011

Additional Information

Application	Charter School Revolving Loan Fund [http://www.cde.ca.gov/fg/fo/r1/csrevloan10rfa.asp]
Background	Charter School Revolving Loan Fund Information [http://www.cde.ca.gov/sp/cs/as/csrevloantoc.asp]
Fiscal	Unavailable
Other	Unavailable

Contacts

Program	Charter Schools Revolving Loan Fund, 916-322-1755, CSRLF-APPS@cde.ca.gov
Fiscal	Charter Schools Revolving Loan Fund, 916-322-1755, CSRLF-APPS@cde.ca.gov
Division	Charter School Division, 916-322-6029 (phone), 916-322-1465 (fax)