(a) The department shall establish a charter school facilities construction, lease, and major maintenance grant program that supplements grant aid otherwise available under this chapter and that is based on a per pupil funding formula.
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Terms Used In Alaska Statutes 14.11.121

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • attendance area: means the geographic area designated by the department to be served by a school. See Alaska Statutes 14.60.010
  • commissioner: means the commissioner of education and early development. See Alaska Statutes 14.60.010
  • department: means the Department of Education and Early Development. See Alaska Statutes 14.60.010
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(b) The department shall apply for available federal funding and award federal funding made available under the grant program established under (a) of this section for not more than five years for approved projects for charter school facilities construction, lease, or major maintenance as follows:

(1) 90 percent of the allowable costs for the first fiscal year for the approved project;
(2) 80 percent of the allowable costs for the second fiscal year for the approved project;
(3) 60 percent of the allowable costs for the third fiscal year for the approved project;
(4) 40 percent of the allowable costs for the fourth fiscal year for the approved project; and
(5) 20 percent of the allowable costs for the fifth fiscal year for the approved project.
(c) The grant program established in this section is subject to legislative appropriation and available funding and must be consistent with applicable federal and state requirements.
(d) A school district or regional educational attendance area that submits an application for a proposed project under Alaska Stat. § 14.11.011 for funding under this section that is approved for funding by the department shall provide a participating share that is equal to the difference between the allowable costs of a project and the combined available federal funding and the state aid provided under Alaska Stat. § 14.11.126. Allowable costs for a project approved under this section shall be based on the adjusted student count for a charter school calculated under Alaska Stat. § 14.17.450(a) and (c), as determined by the commissioner.
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