Section 10197 - Content of ApplicationCompleted Applications for award of a reservation of funds and all supporting documentation shall be submitted to the Authority and shall include, but not be limited to, all of the following:
(a) Application for a reservation of funds designated by the Authority for an applicable financing program.(b) A detailed description of the school facility to be financed with the award.(c) Description of how the award provided through the facilities financing will be used.(d) Copy of current charter agreement and verification of the expiration date.(e) 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.(f) A completed questionnaire of the entity's legal status.(g) Adopted budget for the current year.(h) Projected budgets for the next three years.(i) Audited financial statements for the last three years, if applicable.(j) Information regarding student performance, attendance, enrollment and retention rates.(k) Documentation that the Applicant holds title or other interest in the financed facility, including right of access.(l) Verification the Charter School is in good standing with its Charter Authorizer and in compliance with the terms of its charter at the time of Application submission and throughout the term the funds are reserved. Such verification must be provided directly from the Charter Authorizer on a form provided by the Authority. Charter Schools may appeal any response by the Charter Authorizer's staff directly to the Charter Authorizer's governing board.(m) Any additional information that the Authority deems necessary to evaluate the Application.Cal. Code Regs. Tit. 4, § 10197
1. New section filed 4-19-2012; operative 5-19-2012 (Register 2012, No. 16).
2. Amendment of first paragraph and subsections (e), (l) and (m) filed 5-16-2013; operative 5-16-2013 pursuant to Government Code section 11343.4(b)(3) (Register 2013, No. 20). Note: Authority cited: Sections 17179 and 17180, Education Code. Reference: Section 17180, Education Code
1. New section filed 4-19-2012; operative 5-19-2012 (Register 2012, No. 16).
2. Amendment of first paragraph and subsections (e), (l) and (m) filed 5-16-2013; operative 5-16-2013 pursuant to Government Code section 11343.4(b)(3) (Register 2013, No. 20).