There is created in the state treasury the Charter School Facility Revolving Loan Program. This loan program is comprised of federal funds obtained by the state for charter school facilities, other funds appropriated or transferred to the fund by the state, and privately donated funds. Funds deposited to the Charter School Facility Revolving Loan Program must remain available for the purposes of the program until appropriated or reverted by the General Assembly. The State Treasurer may approve loans from monies in the Charter School Revolving Loan Program to a charter school, upon application by the charter school. Money loaned to a charter school pursuant to this section must be used for construction, purchase, renovation, and maintenance of public charter school facilities. The State Treasurer shall establish guidelines and procedures for application, approval, allocation, and repayment regarding loans from these monies. The Office of State Treasurer may be reimbursed from the program for costs associated with the administration of these loans.
HISTORY: 2012 Act No. 164, Section 2, eff May 14, 2012.
Structure South Carolina Code of Laws
Section 59-40-10. Short title.
Section 59-40-30. Intent of General Assembly.
Section 59-40-40. Definitions.
Section 59-40-55. Sponsor powers and duties; retention of funds.
Section 59-40-70. Application requirements and procedures.
Section 59-40-75. Removal of sponsor or member of district or governing board; prosecution.
Section 59-40-80. Conditional authorization of charter school.
Section 59-40-90. Appeal to Administrative Law Court.
Section 59-40-100. Conversion to charter school; employees; occupancy; sponsors; unlawful reprisals.
Section 59-40-111. Alternative Education Campus.
Section 59-40-115. Termination of contract with sponsor.
Section 59-40-120. Dissolution of charter school.
Section 59-40-125. Eligibility for retirement coverage.
Section 59-40-130. Leave for employment at charter school; continuation of benefits; exceptions.
Section 59-40-140. Funds; services; reports.
Section 59-40-145. Students attending charter schools outside district of residence.
Section 59-40-150. Duties of Department of Education.
Section 59-40-155. Orientation programs for board members and administrators.
Section 59-40-160. Compilation of evaluations; impact study.
Section 59-40-170. Annual listing of buildings suitable for charter school use.
Section 59-40-175. Charter School Facility Revolving Loan Program.
Section 59-40-180. Regulations and guidelines.
Section 59-40-210. Conversion of private school to charter school.
Section 59-40-220. South Carolina Public Charter School District.
Section 59-40-230. Board of trustees; membership; powers and duties.