Ga. Comp. R. & Regs. R. 691-3-.03 - State Charter School Asset Redistribution
1.
Purpose. The purpose of this grant is to redistribute assets purchased
by state charter schools that will close prior to disposition of the assets in
accordance with state or federal regulations. Pursuant to federal regulations,
34 C.F.R. § 74.34, certain assets purchased with federal
grant funding must be redistributed to eligible subgrantees. In accordance with
a school's charter contract, assets purchased with nonfederal funds revert to
the State Charter Schools Commission (SCSC). This grant will provide a fair and
equitable process for redistributing the assets purchased by state charter
schools.
2.
Terms and
Conditions. Recipients must meet the federal definition of a charter
school prior to receiving redistributed assets purchased with federal funds.
The recipient charter school must continue to meet the federal definition of a
charter school for at least one school year beyond the asset award. Recipients
must utilize awarded assets in accordance with the Education Department General
Administrative Regulations (EDGAR) and dispose of assets as specified in EDGAR.
All recipients must conduct charter school programs in accordance with all
applicable federal and state laws and regulations.
3.
Eligible Recipients. All
charter schools in Georgia that are operating at the assets will be awarded are
eligible to apply.
4.
Criteria for Award. Awards will be made based on the applicant's need
and to charter schools in the following order of priority:
1) state charter schools;
2) current CSP grant awardees;
3) past CSP grant awardeesand
4) other existing charter schools. Available
assets will vary depending on the assets purchased by the closing charter
school. All awards will be determined and awarded by the SCSC or its
designee.
5.
Directions and Deadlines for Applying. Requests for information and
applications should be directed to the Business and Operations Manager, State
Charter Schools Commission of Georgia, 1470B Twin Towers East, 205 Jesse Hill
Jr. Drive, Atlanta, Georgia, 30334. Specific deadlines will be included in the
associated application package.
Notes
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