§ 10158. Payment of Local Matching Share.

(a) Facilities funded pursuant to the Program shall have a 50 percent local share matching obligation that may be paid by the applicant through payments which may be reduced in the case of a lump sum payment.

(b) If the applicant elects to make lease payments in lieu of a lump sum local matching payment, the Authority will determine the lease payment schedule by amortizing one-half of the total approved project costs, minus any lump sum payments, over the term of the lease payment period.

(c) If the applicant is receiving a significant contribution from a third party, the applicant shall provide information describing whether the contribution will be used to cover costs which are in excess of the eligible costs as determined by the Board or to be used to meet the applicant's local matching share or both.

(d) Program Agreements will contain conditions for release of funding, as well as security, reporting, and default provisions as described in Sections 10159 and 10160.

(e) In the case of a lump sum payment being used to meet the charter school's local matching share obligation, the charter school must provide documentation that said lump sum payment is available and restricted for purposes of making the payment.

(f) As a condition for the release of funds, the intercept method may be required for payment of the local matching share pursuant to Education Code, Section 17199.4(a)(4).

HISTORY

1. New section filed 2-13-2003 as an emergency; operative 2-13-2003 (Register 2003, No. 7). A Certificate of Compliance must be transmitted to OAL by 6-13-2003 or emergency language will be repealed by operation of law on the following day.

2. Certificate of Compliance as to 2-13-2003 order transmitted to OAL 6-12-2003 and filed 7-14-2003 (Register 2003, No. 29).

3. Renumbering of former section 10158 to section 10160 and renumbering and amendment of former section 10157 to section 10158 filed 3-29-2004 as an emergency pursuant to Education Code section 17078.57(b); operative 3-29-2004 (Register 2004, No. 14). A Certificate of Compliance must be transmitted to OAL by 7-27-2004 or emergency language will be repealed by operation of law on the following day.

4. Renumbering of former section 10158 to section 10160 and renumbering and amendment of former section 10157 to section 10158 refiled 7-19-2004 as an emergency pursuant to Education Code section 17078.57(b); operative 7-27-2004 (Register 2004, No. 30). A Certificate of Compliance must be transmitted to OAL by 11-24-2004 or emergency language will be repealed by operation of law on the following day.

5. Certificate of Compliance as to 7-19-2004 order transmitted to OAL 11-8-2004 filed 12-23-2004 (Register 2004, No. 52).

6. Amendment of subsections (a)(1)(A) and (a)(1)(M) filed 11-3-2006 as an emergency; operative 11-3-2006 (Register 2006, No. 44). A Certificate of Compliance must be transmitted to OAL by 3-5-2007 or emergency language will be repealed by operation of law on the following day.

7. Reinstatement of section as it existed prior to 11-3-2006 emergency amendments pursuant to Government Code section 11346.1(f) (Register 2007, No. 39).

8. Amendment of subsections (a)(1)(E), new subsection (a)(1)(K), subsection relettering and amendment of newly designated subsections (a)(1)(L)-(M) filed 9-9-2010 as an emergency; operative 9-9-2010 (Register 2010, No. 37). A Certificate of Compliance must be transmitted to OAL by 3-8-2011 or emergency language will be repealed by operation of law on the following day.

9. Certificate of Compliance as to 9-9-2010 order transmitted to OAL 1-19-2011 and filed 2-16-2011 (Register 2011, No. 7).

10. Repealer of former section 10158 and renumbering of former section 10160 to section 10158, including amendment of section and Note, filed 11-3-2011 as an emergency; operative 11-3-2011 (Register 2011, No. 44). A Certificate of Compliance must be transmitted to OAL by 5-1-2012 or emergency language will be repealed by operation of law on the following day.

11. Certificate of Compliance as to 11-3-2011 order transmitted to OAL 2-7-2012 and filed 3-5-2012 (Register 2012, No. 10).

Note

Note: Authority cited: Sections 17078.57, 17179 and 17180, Education Code. Reference: Sections 17078.54, 17078.57, 17078.58 and 17199.4, Education Code.