At its November 2014 meeting, the State Allocation Board (SAB) provided unfunded Preliminary Charter School Apportionments (PCSAs) totaling $89.9 million dollars to the successful applicants of the Charter School Facilities Program (CSFP) funding round. Applications were accepted from April 1, 2014 through May 30, 2014. The Office of Public School Construction (OPSC) received a total of 59 eligible applications totaling $656.5 million for consideration. Because the value of the eligible applications exceeded the $89.9 million available for providing preliminary apportionments, a preference points system and funding matrix were used, as provided for in law. Information on how preference points are assigned and how projects are ranked can be found in the Preference Points and Funding Matrix Guidelines (PDF).
Applications not initially awarded a preliminary apportionment will remain eligible to receive a preliminary apportionment for up to eight months, in the event that bond authority returns to the CSFP. Any unfunded applications remaining after the eight month period has passed will be returned to the applicants. More information on this latest funding round, including a complete list of all eligible applicants and awarded PCSAs, can be found in the board item approved by the SAB.
The OPSC is not currently accepting new applications for PCSAs and a future application round has not been approved by the SAB.