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Charter Schools Capital Construction Funding
Pursuant to C.R.S. 22-54-124, each year the State Education Fund and a percentage of the marijuana excise tax provides an appropriation for Charter School and Institute Charter School Capital Construction. The funding purpose is to promote a safe and healthy learning environment for all Colorado students. Charter Schools or Institute Charter Schools can use the funding for school construction, renovation, or facility purchase or leasing.
All Charter Schools and Institute Charter Schools in the state must submit an eligibility questionnaire to the Division. The Division historically requests the certification of "Charter School Capital Construction Funding Eligibility Questionnaire" after the October pupil counts have been completed. Funds are distributed on a per FTE basis, and the final FTE count is taken directly from the October pupil count data submitted by a district to the Division. The funds are distributed on a monthly basis; the first six months' calculation determines the distribution amount per charter school based on FTE projections that the charter school provides. Adjustments are made to the distribution schedule annually in February to reflect actual FTE provided in the October pupil count data.
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For more information or if an alternative version of a document is needed, please contact BESTSchools@cde.state.co.us or call 303-866-2153.