Receive your July payment in July, not October!
"On February 16th, 2008, the Governor signed a package of bills...defer[ring] most of the 2008-2009 July apportionment payment to September."*
State Superintendent of Public Instruction
Recent legislation authorized the State of California to delay the first apportionment payment for the 2008-09 Budget Year. The effect is that the bulk of the July apportionment was pushed back to September/October, creating a three or four month delay. This delay applies to every charter school in California with a few exceptions.**
CHARTER SCHOOL CAPITAL can fund up to 100% of the delayed apportionment payment.
Benefits of Program:
✓ Priority funding with a predictable cash flow
✓ No additional cash required to pay interest or other fees
✓ No hassles - quick application process and fast funding
If you are a charter school in good standing - we can help! Please contact us for a no-cost, no-obligation estimate.
| * | Click here to access complete letter from State Superintendent. |
| ** | Some LEAs are exempt from the deferral, specifically those receiving payments pursuant to Education Code Section 14041 (a)(7) and (a)(8). |