Cal. Code Regs. tit. 2, § 1859.106.1
(c) For a Charter School, the amount due to the State for one or more projects would cause the Charter School severe financial hardship. The Charter School's authorizing agency must submit a letter to the OPSC on behalf of the Charter School for consideration substantiating that the repayment may result in the Charter School being unable to meet its financial obligations for the current or subsequent two fiscal years.
The repayment schedule will commence on July 1 of the fiscal year following the repayment schedule approval date.
Upon adoption of the audit findings by the Board and in lieu of the collection procedures outlined in Education Code Section 17076.10(c)(1), a school district, county office of education, or Charter School may request a repayment schedule of up to twenty years, in equal annual installments, if the total repayment of State funds within 60 days of the Board action would cause the school district, county office of education, or Charter School to fall into fiscal distress. School districts, county offices of education, or Charter Schools requesting a repayment schedule must be in a severe hardship condition as evidenced by at least one of the following criteria:
Note: Authority cited: Section 17070.35, Education Code. Reference: Sections 17070.35, 17076.10 and 17078.52, Education Code.
1. New section filed 1-8-2007 as an emergency; operative 1-8-2007 (Register 2007, No. 2). A Certificate of Compliance must be transmitted to OAL by 5-8-2007 or emergency language will be repealed by operation of law on the following day.
2. Certificate of Compliance as to 1-8-2007 order, including amendment of section and Note, transmitted to OAL 5-8-2007 and filed 6-20-2007 (Register 2007, No. 25).
3. Amendment filed 12-18-2014; operative 1-1-2015 pursuant to Government Code section 11343.4(b)(3) (Register 2014, No. 51).
4. Amendment of first paragraph and subsection (c) and amendment of Note filed 5-2-2022; operative 7-1-2022 (Register 2022, No. 18).