1. (1) "Charter school" means a public school created in accordance with Title 53G, Chapter 5, Charter Schools.

2. (2) "Charter School Revolving Account" means a restricted account created within the Uniform School fund to provide assistance to charter schools to:

   1. (a) meet school building construction and renovation needs; and
   2. (b) pay for expenses related to the start up of a new charter school or the expansion of an existing charter school.
3. (3) "Charter School Revolving Account Committee" means a committee established by the Board to make recommendations concerning the Charter School Revolving Account.
4. (4) "Executive Director" means the Executive Directors of the State Charter School Board or the Executive Director's designee.

5. (5)(a) "Urgent facility need" means an unexpected exigency at a charter school that is entitled to priority under Subsection 53F-9-203(5) because it affects the health and safety of students.

   1. (b) An "urgent facility need" may include:

      1. (i) an unforeseen condition that precludes a school's qualification for an occupancy permit; or
      2. (ii) an unforeseen circumstance that keeps the school from satisfying provisions of public safety, public health, or public school laws or Board rules.

KEY: charter schools, revolving account

Date of Last Change: August 7, 2025

Notice of Continuation: May 10, 2024

Authorizing, and Implemented or Interpreted Law: Art X, Sec 3; 53F-9-203(2)(b); 53E-3-401(4)