1. Money in the Account for Charter Schools may be expended for the purposes set forth in subsection 2 or for any other purpose authorized by the Legislature.
2. After deducting the costs directly related to administering the Account for Charter Schools, the State Public Charter School Authority may use the money available in the Account for Charter Schools, including repayments of principal and interest on loans made from the Account, and interest and income earned on money in the Account, to make loans at or below market rate to charter schools for the costs identified in the loan application for use:
(a) In preparing a charter school to commence its first year of operation;
(b) To improve a charter school that has been in operation; and
(c) To fund recruitment of teachers and pupils to new charter school facilities and enrollment of pupils in such facilities.
3. The total amount of a loan that may be made to a charter school pursuant to subsection 2 must not exceed the lesser of an amount equal to $500 per pupil enrolled or to be enrolled at the charter school or $200,000.
(Added to NRS by 2001, 3124; A 2013, 27th Special Session, 5; 2015, 2207, 3298)—(Substituted in revision for NRS 386.577)
Structure Nevada Revised Statutes
Chapter 388A - Charter Schools
NRS 388A.015 - "Charter contract" defined.
NRS 388A.020 - "Charter management organization" defined.
NRS 388A.030 - "Educational management organization" defined.
NRS 388A.035 - "Executive Director" defined.
NRS 388A.040 - "Performance framework" defined.
NRS 388A.045 - "Pupil ‘at risk’ " defined.
NRS 388A.050 - "State Public Charter School Authority" defined.
NRS 388A.075 - Legislative declaration concerning formation of charter schools.
NRS 388A.080 - No authority to convert public school or homeschool to charter school.
NRS 388A.085 - Provisions governing formation and operation of charter schools.
NRS 388A.087 - Charter school deemed to be political subdivision of State for certain purposes.
NRS 388A.090 - Support by or affiliation with religion or religious organization prohibited.
NRS 388A.095 - Operation for profit prohibited; incorporation as nonprofit corporation authorized.
NRS 388A.110 - Authorized regulations of Department.
NRS 388A.150 - Creation; purpose.
NRS 388A.155 - Required training.
NRS 388A.156 - Meetings; quorum.
NRS 388A.159 - Authority deemed local educational agency for all purposes.
NRS 388A.165 - Contracts with persons regarding charter schools.
NRS 388A.167 - Plan to manage growth of charter schools.
NRS 388A.190 - Executive Director: Appointment; unclassified service; eligibility.
NRS 388A.196 - Executive Director: Duties.
NRS 388A.199 - Employment and qualifications of staff; periodic evaluations.
NRS 388A.231 - Change of sponsor.
NRS 388A.240 - Membership of committee to form charter school.
NRS 388A.246 - Contents of application.
NRS 388A.276 - Amendment of charter contract.
NRS 388A.282 - Consolidation of operations of two or more charter schools.
NRS 388A.323 - Fingerprinting of members; removal of member convicted of certain crimes.
NRS 388A.333 - Appointment of new members; review of employees and hiring of new employees.
NRS 388A.348 - Submission of accountability information to sponsor of charter school.
NRS 388A.351 - Annual report by sponsor of charter school.
NRS 388A.353 - Biennial reports of amounts paid to educational management organizations.
NRS 388A.355 - Biennial report of corrective actions taken by sponsor of charter school.
NRS 388A.360 - Requirements of facility before commencement of operation.
NRS 388A.363 - Notification to primary law enforcement agency regarding location of charter school.
NRS 388A.369 - Interference by school district with operation and management prohibited.
NRS 388A.420 - Orders for payment of money; limitations.
NRS 388A.423 - Bankruptcy: Disposition of property; immunity of State and sponsor from liability.
NRS 388A.435 - Authorized uses of money in Account; limitation on amount of loans.
NRS 388A.438 - Application for loan; requirements of contract for loan; regulations.
NRS 388A.478 - Transfer of credit to other public school.
NRS 388A.490 - Issuance of high school diploma; approval of form for diploma by Department.
NRS 388A.505 - "Unsupervised contact" defined.
NRS 388A.510 - "Volunteer" defined.
NRS 388A.516 - Conditions under which volunteer not required to submit fingerprints.
NRS 388A.530 - Leave of absence from school district to accept employment with charter school.
NRS 388A.5332 - "Arrest" defined.
NRS 388A.5338 - Timely submission of information by charter school.
NRS 388A.5342 - Termination of employment upon conviction of certain crimes.
NRS 388A.560 - "Bond" and "revenue bond" defined.
NRS 388A.565 - "Cost of the project" defined.
NRS 388A.570 - "Director of the Department of Business and Industry" defined.
NRS 388A.575 - "Expense of operation and maintenance" defined.
NRS 388A.580 - "Finance" and "financing" defined.
NRS 388A.585 - "Financing agreement" defined.
NRS 388A.590 - "Mortgage" defined.
NRS 388A.595 - "Obligor" defined.
NRS 388A.600 - "Project" defined.
NRS 388A.605 - "Revenues" defined.
NRS 388A.620 - Declaration of legislative intent.
NRS 388A.625 - Limitation of actions.
NRS 388A.635 - Sufficiency of NRS 388A.550 to 388A.695, inclusive; construction.
NRS 388A.670 - Special obligations of State.
NRS 388A.690 - Exemption from taxation; exceptions.
NRS 388A.695 - General power of Director of Department of Business and Industry to issue bonds.
NRS 388A.705 - "Charter school for distance education" defined.
NRS 388A.710 - "Course of distance education" defined.
NRS 388A.715 - "Distance education" defined.
NRS 388A.720 - "Program of distance education" defined.
NRS 388A.725 - Application to operate; authorization; standard charter contract; contents.