SECTION 210:40-85-3. Guidelines for awards

(a)   Awards will be made to applicants for the purposes of providing financial support for start-up costs, including costs associated with initial planning and application to a charter sponsor, and costs associated with renovating or remodeling existing facilities for use by the charter school. Awards will be made to applicants who have been approved by an eligible sponsor.

(b)   To be considered for an award out of the Charter School Incentive Fund, applicants are required to meet the requirements and deadlines stated in the application and listed within this rule.

(c)   Applicants must meet the following criteria in compliance with HB 1511 sec. 21. The criteria will be:

(1)   Location of proposed charter school within boundaries of eligible school districts designated in 70 O.S. Supp 1999, sec. 3-132, 3-133;

(2)   Identifying goals which will further the applicants ability to develop a quality charter school;

(3)   Applicants plan to accomplish identified goals;

(4)   Feasibility of obtaining identified goals in application;

(5)   Adequacy of budget submitted to support accomplishing identified goals.

(d)   The State Department of Education shall provide the application and annual funding cycles to interested applicants.

(e)   Pursuant to HB 1511 sec. 21, the maximum any charter school site may receive out of the Charter School Incentive Fund will be $50,000. The $50,000 maximum funding may be awarded based on multiple applications and awards from the same applicant.

[Source: Added at 16 Ok Reg 3483, eff 8-3-99 (emergency); Added at 17 Ok Reg 2921, eff 7-13-00]