Cal. Code Regs. Tit. 2, § 1859.167.5 - Use of the Unrestricted Charter School Funds
(a) Any funds that return to the Unrestricted
Charter School Fund in the 2002 Charter School Facilities Account shall be
available on a first come, first served basis for the purposes outlined in
Section 1859.167(a)(2).
(b) With the exception of funds that return
to the program due to the collection of lease payments for local matching share
amounts which may not be used for the purposes outlined in Section
1859.167(b)(4),
any funds in the Unrestricted Charter School Fund in the 2004 Charter School
Facilities Account shall first be used to fund projects on the Unfunded List
pursuant to Section
1859.163.3 and then for the
purposes outlined in Section
1859.167(b)(4)(C)
on a first come, first served basis.
(c) Once all Preliminary Charter School
Apportionments made on July 2, 2003 have either converted to a Final Charter
School Apportionment or have been rescinded by the Board, the funds remaining
in the Unrestricted Charter School Fund in the 2002 Charter School Facilities
Account, with the exception of funds that return to the program due to the
collection of lease payments for local matching share amounts, may be used for
the purposes outlined in Sections
1859.163.3 and
1859.167(b)(4).
(d) Once all Preliminary Charter School
Apportionments made on February 23, 2005 have either converted to a Final
Charter School Apportionment or have been rescinded by the Board, the funds
remaining in the Unrestricted Charter School Fund in the 2004 Charter School
Facilities Account, in addition to any lease payments collected, may be used by
the Board for other Charter School facility projects pursuant to Education Code
Section
17078.58.
Notes
Note: Authority cited: Sections 17070.35 and 17078.64, Education Code. Reference: Section 17078.58, Education Code.
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