(a) The Division of Public School Academic Facilities and Transportation shall review and assess the accuracy of the information provided in each loan application within a reasonable time after receiving a loan application.
(b) (1) After reviewing and considering the merits of the application, the division may:
(A) Approve the loan requested for the full amount;
(B) Approve the loan requested for an amount less than requested; or
(C) Deny the loan.
(2) The division shall notify the open-enrollment public charter school in writing of the decision.
(c) An open-enrollment public charter school may apply for and accept a loan from the Open-Enrollment Public Charter School Facilities Loan Fund without prior approval from the Commissioner of Education under ยง 6-23-401(a)(5).
Section: Previous 6-23-902 6-23-903 6-23-904 6-23-905 6-23-906 6-23-907 6-23-908 NextLast modified: November 15, 2016