Applying for an Exemption from the June 2014 Principal Apportionment Deferral

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March 10, 2014 The California Department of Education (CDE) has posted a letter and other materials related to the cash deferral that will occur in June 2014. The letter contains information about application requirements and deadlines for those charter schools eligible to apply for an exemption from the June 2014 principal apportionment deferral.

California Education Code Section 14041.7 provides the opportunity for school districts and charter schools to apply for a dollar-limited exemption from the deferral of the June 2014 principal apportionment payment to July 2014. The deadline to apply for an exemption is April 1, 2014. Get more information here: http://www.cde.ca.gov/fg/fi/ir/jun14def.asp