- (a) The amount of lease aid shall be in accordance with RSA 198:15-hh. If the lease appropriation is insufficient, the appropriation grant payments shall be prorated equally among all eligible charter schools.
- (b) If the items identified in Ed 323.07 (a) or (b) are not submitted in the time frame required, the charter school shall forfeit lease aid for the fiscal year which they applied for.
- (c) Lease aid grant payments shall be made annually in November of each fiscal year and shall only be made if the charter school has students enrolled on opening day.
- (d) The charter school shall be responsible for all costs incurred through the lease. Lease aid shall be considered a reimbursement of a portion of rental costs as authorized by RSA 198:15-hh, provided that sufficient funds are appropriated by the legislature and made available to the department.
- (e) Lease aid shall be terminated if the leased space is no longer being used for the purposes proposed under the approval of lease aid.
Source. #13207, eff 5-20-21; ss by #13720, eff 8-12-23