Charter School Facility Grant Program
(Senate Bill 740 Program)
Designed to provide annual assistance with rent and lease expenditures for charter school facilities.
If you have any questions about the SB740 program, please contact CSFA.
Questions on Proration?
The Charter School Facility Grant Program provides annual assistance with facilities rent and lease expenditures to charter schools that meet eligibility criteria. Charter schools are awarded $1,117 per unit of classroom-based Average Daily Attendance (ADA), up to 75% of their annual facilities rent and lease costs for the school.
CSFA’s administration of the Charter School Facility Grant Program has resulted in an increase of funding to charter schools from $47 million in 2011-12 to $112 million in 2016-17. In addition to increased funding, CSFA has increased efficiencies for applicants by launching an on-line application process for the submission of documents for this grant. The on-line application has been a tremendous success – savings all applicants time and money!
SB 740 Emergency Regulation
The Office of Administrative Law approved the Charter School Facility Grant Program Emergency Regulations on November 2, 2017. The approved regulations will remain effective for 180 Days.
SB740 2017-18 Application
The Application submission period is now closed. The Authority received 442 applications and anticipates awarding Initial disbursements by the end of 2017.