California AB2316 amends the Charter School Facilities Program to allow for reduced local matching obligations for charter schools facing undue.

California AB2316 amends the Charter School Facilities Program to allow for reduced local matching obligations for charter schools facing undue financial burden. The bill specifies that the authority shall notify the board if the 50-percent local share matching obligation or lease payments would result in undue financial burden. The board may then reduce the local matching obligation or lease payments. The bill also outlines the process for determining lease payments and the method for determining whether a charter school is financially sound.

California AB2316 amends the Charter School Facilities Program to allow for reduced local matching obligations for charter schools facing undue.

California AB2316 amends the Charter School Facilities Program to allow for reduced local matching obligations for charter schools facing undue financial burden. The bill specifies that the authority shall notify the board if the 50-percent local share matching obligation or lease payments would result in undue financial burden. The board may then reduce the local matching obligation or lease payments. The bill also outlines the process for determining lease payments and the method for determining whether a charter school is financially sound.