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§ 10170.19. Application Content and Submission.

4 CA ADC § 10170.19Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 4. Business Regulations
Division 15. California School Finance Authority
Article 1.6. Charter School Revolving Loan Fund Program
4 CCR § 10170.19
§ 10170.19. Application Content and Submission.
(a) The Application (CSFA RLF-01; revised August 10, 2016) will be made available on the Authority's website, based on available funding.
(b) Based on availability of funding, Applications will be accepted on an ongoing first come first-served basis, with priority given based on date of submission and criteria set forth at Section 10170.20. Applicants shall submit an Application and all supporting documents via the online Application system.
(c) Each completed Application shall include the following documents (in addition to supporting documents required for the Application, CSFA RLF-01; revised August 10, 2016):
(1) Articles of Incorporation for an incorporated charter or operational agreement or Memorandum of Understanding between the Charter School and the Chartering Authority for a dependent charter;
(2) Nonprofit Entity verification as described in Section 10170.17(n);
(3) Description of the intended use of an award of loan funds;
(4) Copy of current charter petition and evidence supporting charter approval and term;
(5) Audited financial statements, if available;
(6) An adopted budget, if available, for the first fiscal year for which the Applicant is applying;
(7) Multi-year budget projections for at least the five fiscal years beyond the first fiscal year for which the Applicant is applying, including written budget assumptions;
(8) Most recent business plan and/or strategic plan for at least the next five academic years;
(9) List of the Charter School's board of directors including their occupations, cities of residence, and terms of office;
(10) Resumes of key staff members (e.g., Chief Executive Officer, President, Operations Manager, Chief Financial Officer, Principal, etc.) of the Charter School;
(11) Historical, current, and projected enrollment and attendance, by grade level, for the next five years;
(12) Targeted student population and demographics;
(13) A listing of historical, current, and anticipated future funding through private contributions;
(14) List the total amounts, annual amounts, interest rates, and maturity dates of all existing and anticipated short- and long-term debt obligations of the Applicant or Charter School; and
(15) List and copy of all material contracts, including, but not limited to, management, support services, transportation contracts, and any such anticipated contracts involving use of space or equipment.
(d) The Authority will request completion of the GSCF directly from the Chartering Authority. This form shall be completed and returned only if the Chartering Authority is aware of any outstanding compliance or revocation issues, otherwise no action is necessary. An Applicant may appeal any response by the Chartering Authority's staff directly to the Chartering Authority's governing board.
(1) Requests for confirmation of Good Standing will be sent out to the Chartering Authority upon receipt of each Application.
(2) The Authority reserves the right to request an additional Good Standing Confirmation at any time during the life of the loan.
(e) An Affiliated Organization operating more than one Charter School, as identified by separate CDS Codes, must submit a separate Application for each Charter School with a separate CDS Code for which a loan award is sought.

Credits

Note: Authority cited: Section 41365, Education Code. Reference: Sections 41365 and 41366.5, Education Code.
History
1. New section filed 2-3-2014 as an emergency; operative 2-3-2014 (Register 2014, No. 6). A Certificate of Compliance must be transmitted to OAL by 8-4-2014 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 8-4-2014 as an emergency; operative 8-4-2014 (Register 2014, No. 32). A Certificate of Compliance must be transmitted to OAL by 11-3-2014 or emergency language will be repealed by operation of law on the following day.
3. New section refiled 10-27-2014 as an emergency; operative 11-3-2014 (Register 2014, No. 44). A Certificate of Compliance must be transmitted to OAL by 2-2-2015 or emergency language will be repealed by operation of law on the following day.
4. Certificate of Compliance as to 10-27-2014 order, including amendment of subsection (a), transmitted to OAL 1-29-2015 and filed 3-10-2015; amendments effective 3-10-2015 pursuant to Government Code section 11343.4(b)(3) (Register 2015, No. 11).
5. Amendment filed 12-1-2016; operative 12-1-2016 pursuant to Government Code section 11343.4(b)(3) (Register 2016, No. 49).
6. Amendment filed 4-20-2020 as an emergency; operative 4-20-2020 (Register 2020, No. 17). A Certificate of Compliance must be transmitted to OAL by 10-19-2020 or emergency language will be repealed by operation of law on the following day.
7. Emergency filed 4-20-2020 extended 60 days (Executive Order N-40-20) (Register 2020, No. 22). A Certificate of Compliance must be transmitted to OAL by 12-18-2020 or emergency language will be repealed by operation of law on the following day.
8. Certificate of Compliance as to 4-20-2020 order transmitted to OAL 11-16-2020 and filed 12-30-2020 (Register 2021, No. 1).
9. Editorial correction restoring inadvertently omitted subsection (c)(12) (Register 2022, No. 18).
This database is current through 6/7/24 Register 2024, No. 23.
Cal. Admin. Code tit. 4, § 10170.19, 4 CA ADC § 10170.19
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