SEC. 37-28-15. Charter school funding.
(1) A charter school may be funded by: federal grants, grants, gifts, devises or donations from any private sources; and state funds appropriated for the support of the charter school; and any other funds that may be received by the school district. Schools applying for charter status and charter schools are encouraged to apply for federal funds appropriated specifically for the support of charter schools under the Omnibus Consolidated Appropriations Act, 1997 (Pub. L. No. 104-208 [H.R. 3610] (1996)).
(2) The State Board of Education may give charter schools special preference when allocating grant funds other than state funds for alternative school programs, classroom technology, school improvement programs, mentoring programs or other grant programs designed to improve local school performance.
SOURCES: Laws, 1997, ch. 584, § 8, eff from and after passage (approved April 24, 1997); reenacted without change, Laws, 2001, ch. 531, § 8, SB 2749, eff from and after July 1, 2001.
PREVIOUS VERSIONS: Pre-2001