CCSA Answers: Qualifying for SB 740 Funds
October 25, 2014
Question: How can a school qualify for the SB 740 Charter School Facility Grants?
Answer: The Charter School Facility Grant Program was enacted by Senate Bill (SB) 740 (Chapter 892, Statutes of 2001, Education Code Section 47614.5) for the purpose of providing assistance with facilities rent and lease expenditures for charter schools that meet certain eligibility criteria. To be eligible for reimbursement, a charter school site must be geographically located within the attendance area of a public elementary school in which at least 70 percent of the pupil enrollment is eligible for free or reduced price meals, or serving a pupil population that meets or exceeds 70 percent eligibility for free and reduced price meals. Recently adopted legislation, that goes into effect on January 1, 2015, reduces the free and reduced price meal eligibility threshold at the charter school site from 70 to 60 percent. Charter schools occupying existing school district or county office of education facilities, and charter schools receiving reasonably equivalent facilities from their chartering authority pursuant to Education Code Section 47614 (Proposition 39) are not eligible for reimbursement.
Get more information, including the regulations, funding application and application deadlines at: http://www.treasurer.ca.gov/csfa/csfgp/index.asp