Oregon Administrative Rules
Chapter 581 - OREGON DEPARTMENT OF EDUCATION
Division 17 - STRATEGIC INVESTMENTS
Section 581-017-0774 - Charter School Equity Grant: Distribution of Funds

(1) The Department of Education shall determine for each year the portion of the funds available for the Charter School Equity Grant program from the Statewide Education Initiatives Account.

(2) For purposes of establishing the amount of grant funds apportioned to eligible applicants for the upcoming school year, the Oregon Department of Education will use the most current finalized ADMw from the State School Fund from the prior year at the time when the list of eligible public charter schools was published according to OAR 581-017-0768.

(3) The Department shall determine the amount of the grant for each recipient based on the following formula: Grant Amount = the public charter school's ADMw x the difference between:

(4) The Department may apply a prorate to determine primary and secondary ADMw amounts.

(5) If the sum of the amounts for each grant as determined in subsection (3) exceeds the total amount available to the Charter School Equity Grant program, the Department may prorate the amount of the grant distributed to each eligible recipient.

(6) Funds received by a charter school under this section must be separately accounted for and may be used only to provide funding for the purposes described in the grant agreement. A grant recipient may use funds for administrative costs, including indirect costs, directly related to allowed expenditures as provided in the grant agreement. Administrative costs are limited to five percent of the total expenditures.

(7) The Deputy Superintendent of Public Instruction shall resolve any issues arising from the administration and distribution of grant funds not specifically addressed in this rule. The Deputy Superintendent of Public Instruction's determination shall be final.