Common use of Charter School Capital Outlay Funds Clause in Contracts

Charter School Capital Outlay Funds. Section 1013.62, Florida Statutes, provides procedures and guidance for the distribution of capital outlay funds appropriated to Florida’s public charter schools. Capital Outlay (CO) plans must be submitted to the Florida Department of Education (FDOE) in the format and manner prescribed by the Department. The Sponsor will review and verify the information reported (uploaded) to the FDOE. The Department determines approval of the School’s Capital Outlay Plan. A copy of the previous year’s annual audited financials must be submitted to the School’s Sponsor as well as any other supporting documentation, such as a copy of the school’s accreditation by a regional accrediting association in order to verify that the charter school qualifies for capital outlay funds. Conversion charter schools are ineligible for capital outlay funding if they operate in facilities provided by the Sponsor. The Sponsor distributes capital outlay funds to the charter schools within ten (10) days upon receipt of from the Florida Comptroller’s Office.

Charter School Capital Outlay Funds. Section 1013.62, Florida Statutes, provides procedures and guidance for the distribution of capital outlay funds appropriated to Florida’s public charter schools. Capital Outlay (CO) plans must be submitted to the Florida Department of Education (FDOE) in the format and manner prescribed by the Department. The Sponsor will review and verify the information reported (uploaded) to the FDOE. The Department determines approval of the School’s Capital Outlay Plan. A copy of the previous year’s annual audited financials must be submitted to the School’s Sponsor with a Capital Outlay plan, as well as any other supporting documentation, such as a copy of the school’s accreditation by a regional accrediting association in order to verify that the charter school qualifies for capital outlay funds. Conversion charter schools are ineligible for capital outlay funding if they operate in facilities provided by the Sponsor. The Sponsor distributes shall distribute capital outlay funds to the charter schools within ten (10) days upon receipt of from the Florida Comptroller’s Office.