Memorandum Of Understanding Between A California Charter School And A California Public School District And The State Of California, State Allocation Board And California School Finance Authority
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17MEMORANDUM OF UNDERSTANDING
By and Among:
_______________________________, a California Charter School;
and
___________________________________, a California Public School District;
and
The State of California,
State Allocation Board and California School Finance Authority
ARTICLE I – PURPOSE AND LIMITATION
This Memorandum of Understanding (“MOU”) is made and entered into as of
A.
_____________ (“Effective Date”) by and among the State Allocation Board and
the California School Finance Authority (individually or collectively referred to as
the “State”); the charter school identified above, a California Charter School
(“Charter School”); and the California Public School District identified above
(“School District”). The provisions of this MOU shall be effective from and after
the Effective Date until ____________ or until all duties and obligations of the
parties are carried out.
B.
The Charter School has applied to the State for financing of its charter school
facilities project (“Project”) under the Charter School Facilities Program (“CSFP”)
established pursuant to Article 12 of Chapter 12.5 of Part 10 of the California
Education Code and the regulations for its implementation provided in Title 4,
Cal. Code Regs., Section 10151, et seq., and Title 2 Cal. Code Regs., Section
1859.160, et seq. A copy of the Charter School’s application is attached hereto
and incorporated herein by reference as a means of defining the Project.
C.
This MOU is intended to tie together two (2) separate legal agreements: (i) a
Funding Agreement by and between the State and the Charter School; and (ii) a
Use Agreement by and between the School District and the Charter School. In
accordance with the CSFP, the State is the lender of certain monetary funds to
CSFP MOU – Final as of 10/16/2007
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