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§ 10200.5. Content of Application.

4 CA ADC § 10200.5Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 4. Business Regulations
Division 15. California School Finance Authority
Article 4. Project Acceleration Notes and Credit Enhancement Alternatives (Panacea) Program
4 CCR § 10200.5
§ 10200.5. Content of Application.
(a) For Applicants seeking an award related to a CSFP project, the following must be submitted to the Authority and shall include, but not be limited to, all of the following:
(1) PANACEA Program Application (with the CSFP Financing box checked);
(2) Copy of CSFP Award Letter from the Office of Public School Construction (OPSC), if applicable;
(3) A detailed description of the project costs to be enhanced with the award;
(4) A detailed timeline of the project's relevant milestones;
(5) Copy of current charter agreement and verification of the expiration date;
(6) Verification the Charter School is in good standing with its Chartering Authorizer and in compliance with the terms of its charter. Such verification must be provided directly from the Chartering Authorizer on Form CSFA 07-03 (rev. September 2018), incorporated herein by reference. Charter Schools may appeal any response by the Chartering Authorizer's staff directly to the Chartering Authorizer's governing board. It shall be the Charter School's responsibility, and not the Authority's, to ensure that the good standing and compliance response letter is received by the stated deadline(s);
(7) A completed legal status questionnaire Form CSFA 07-04 (rev. September 2018), incorporated herein by reference; and
(8) Any additional information that the Authority deems necessary to evaluate the Application.
(b) For Applicants seeking grant funds in connection with non-CSFP financing to be issued by the Authority, the following must be submitted to the Authority and shall include, but not be limited to, all of the following:
(1) PANACEA Program Application (with the Non-CSFP Financing box checked);
(2) A detailed description of the project costs to be enhanced with the award;
(3) A detailed timeline of the project's relevant milestones;
(4) Copy of current charter agreement and verification of the expiration date;
(5) Verification the Charter School is in good standing with its Chartering Authorizer and in compliance with the terms of its charter. Such verification must be provided directly from the Chartering Authorizer on Form CSFA 07-03 (rev. September 2018), incorporated herein by reference. Charter Schools may appeal any response by the Chartering Authorizer's staff directly to the Chartering Authorizer's governing board. It shall be the Charter School's responsibility, and not the Authority's, to ensure that the good standing and compliance response letter is received by the stated deadline(s);
(6) A completed legal status questionnaire Form CSFA 07-04 (rev. September 2018), incorporated herein by reference; and
(7) Any additional information that the Authority deems necessary to evaluate the Application.
(8) Evidence that the Charter School operates as, or is operated by, a nonprofit public benefit corporation formed and organized pursuant to the Nonprofit Public Benefit Corporation Law (Part 2 (commencing with section 5110) of Division 2 of Title 1 of the Corporations Code), or is organized under section 501(c)(3) of the Internal Revenue Code or other evidence, satisfactory to the Authority, that the school operates on a nonprofit basis.
(9) Adopted budget for the current year.
(10) Projected budgets for the next three years.
(11) Audited financial statements for the last three years, if applicable.
(12) Three year historical and five year projected enrollment figures including retention rates.
(13) Documentation that the Applicant holds title or other interest in the financed facility, including right of access.

Credits

Note: Authority cited: Sections 17179 and 17180, Education Code. Reference: Section 17180, Education Code.
History
1. New section filed 12-12-2018; operative 12-12-2018 pursuant to Government Code section 11343.4(b)(3) (Register 2018, No. 50).
This database is current through 4/19/24 Register 2024, No. 16.
Cal. Admin. Code tit. 4, § 10200.5, 4 CA ADC § 10200.5
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