(a.7)(I) For the 2003-04 budget year and each budget year thereafter, a qualified
charter school, as defined in section 22-54-124(1)(f.6), shall receive state education fund moneys from the school district that granted
its charter in an amount equal to the percentage of the district's certified charter
school pupil enrollment that is attributable to pupils expected to be enrolled in
the qualified charter school multiplied by the total amount of state education fund
moneys distributed to the district for the same budget year pursuant to section 22-54-124(3).
(II) As used in this paragraph (a.7), “pupils” means pupils, other than pupils enrolled in an online program or online school,
as defined in sections 22-30.7-102(9) and 22-30.7-102(9.5), who are enrolled in a charter school.
(b) Funding received pursuant to paragraph (a), (a.5), or (a.7) of this subsection
(1) shall be in addition to any funding provided pursuant to section 22-30.5-112.
(c) A district shall provide funding to each qualified charter school, as defined
in section 22-54-124(1)(f.6), by making a monthly payment to the qualified charter school as soon as possible
after the district receives a monthly payment of state education fund moneys pursuant
to section 22-54-124(4).
(2)(a) A charter school shall use moneys it receives pursuant to subsection (1) of
this section solely for capital construction, as defined in section 22-54-124(1)(a).
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