Charter Schools Capital Construction Funding

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 purpose of this funding is to promote a safe and healthy learning environment for all Colorado students. 

This funding can be used by the Charter School or Institute Charter School to pay for school construction, renovation, financing, or the purchasing or leasing of facilities. Funds appropriated from the State Education Fund can also be used for project work scopes which qualify as capital maintenance. Funds appropriated from marijuana excise tax may only be used for capital construction and may not be used for capital maintenance expenditures.

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 1 pupil counts. The funds are distributed on a per pupil basis and the pupil count is taken directly from the October 1 pupil count data submitted by the district to the Division.

Payments are made on a monthly basis, with the first six payments being based on prior year FTE projections. Upon completion of the questionnaire (CSCC-02) "Charter School Capital Construction Funding Eligibility Questionnaire" and verification of the October pupil counts, an adjustment will be made to the monthly payment schedule to reflect actual FTE numbers. This year, $25 million was appropriated, which equates to $258.49 per eligible FTE based on prior year FTE projections.

For additional information, e-mail: Anna Fitzer

---

 

Return to Capital Construction Home Page