Okla. Stat. tit. 70, § 70-3-144
This is the official text of Okla. Stat. tit. 70, § 70-3-144, part of Oklahoma’s Stat. tit. 70, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 70,." Browse the sections below, each linked to its official government source.
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Charter Schools Incentive and Closure Reimbursement
Official statutory text
Fund.
Oklahoma Statutes - Title 70. Schools Page 212
A. There is hereby created in the State Treasury a fund to be
designated the “Charter Schools Incentive and Closure Reimbursement
Fund”. The fund shall be a continuing fund, not subject to fiscal
year limitations, and shall consist of all monies appropriated by
the Legislature, gifts, grants, devises, and donations from any
public or private source, and all monies received by the Statewide
Charter School Board from charter schools pursuant to subsection G
of Section 3-142 of this title. The Statewide Charter School Board
shall administer the fund for the purpose of providing financial
support to charter school and virtual charter school applicants,
charter schools and virtual charter schools for start-up costs,
costs associated with renovating or remodeling existing buildings
and structures for use by a charter school, and for paying
expenditures incurred due to closure of a charter school. The
Statewide Charter School Board is authorized to allocate funds on a
per-pupil basis for purposes of providing matching funds for the
federal State Charter School Facilities Incentive Grants Program
created pursuant to the No Child Left Behind Act of 2001, 20 U.S.C.,
Section 7221d.
B. The Statewide Charter School Board shall adopt rules to
implement the provisions of this section including application and
notification requirements.
Oklahoma Statutes - Title 70. Schools Page 212
A. There is hereby created in the State Treasury a fund to be
designated the “Charter Schools Incentive and Closure Reimbursement
Fund”. The fund shall be a continuing fund, not subject to fiscal
year limitations, and shall consist of all monies appropriated by
the Legislature, gifts, grants, devises, and donations from any
public or private source, and all monies received by the Statewide
Charter School Board from charter schools pursuant to subsection G
of Section 3-142 of this title. The Statewide Charter School Board
shall administer the fund for the purpose of providing financial
support to charter school and virtual charter school applicants,
charter schools and virtual charter schools for start-up costs,
costs associated with renovating or remodeling existing buildings
and structures for use by a charter school, and for paying
expenditures incurred due to closure of a charter school. The
Statewide Charter School Board is authorized to allocate funds on a
per-pupil basis for purposes of providing matching funds for the
federal State Charter School Facilities Incentive Grants Program
created pursuant to the No Child Left Behind Act of 2001, 20 U.S.C.,
Section 7221d.
B. The Statewide Charter School Board shall adopt rules to
implement the provisions of this section including application and
notification requirements.
Status: in_force · Read it on the official government site
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