Approving Criteria for Making Distributions from the Public Charter School Fund
Resolution Number 2008-2
January 10, 2008
The Board of Education approves Criteria for Making Distributions from the Public Charter School Fund pursuant to 22.1-212.5, Code of Virginia.
The criteria include provisions for receiving moneys from the Fund and provisions for oversight of the Fund by the Department. Two priorities are recommended in awarding funds. Applications establishing new public charter schools will be given first priority. Applications supporting public charter schools that have been in operation for more than one year, and are fully accredited as required under 8 VAC 20-131-300 in the Regulations Establishing Standards for Accrediting Public Schools in Virginia, September 7, 2006, will be given second priority.
Moneys from the Fund shall be limited to $10,000, or less, depending on the amount available. The minimum award amount would be $5,000. To date, no gifts, grants, bequests, or donations have been received, and no funds will be disbursed until such time as funds are received.Mark E. Emblidge, President
Board of Education
Adopted in the Minutes of the Virginia Board of Education
January 10, 2008
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