1 Colo. Code Regs. § 303-2-3

Current through Register Vol. 48, No. 1, January 10, 2025

Section 1 CCR 303-2-3 - Application Review

3.1. Applications that are incomplete may be rejected without further review.

3.1.1. The Board may request supplementation of an Application with additional information or supporting documentation.

3.2. Each budget year, the Board shall use fifty percent of the moneys in the fund to provide grants and fifty percent of the moneys in the fund to provide matching grants under section § 22-43.7-201 C.R.S

3.3. The Board shall prioritize the Applications that are eligible to receive a grant and determine the type and amount of the grant or matching grant based on the following criteria, in descending order of importance:

3.3.1. Capital construction projects in School Districts or, for Institute Charter Schools,

Accounting Districts that have reached ninety percent or more of their limit on bonded indebtedness under section § 22-42-104 C.R.S; and

3.3.2. Capital construction projects from Applicants that have previously demonstrated consistent efforts to allocate money to the Applicant's capital reserve fund in excess of the minimum amounts required pursuant to § 22-54-105(2) C.R.S. or 22-30.5-514(1) C.R.S.

3.3.3. Additional considerations used for prioritization may include, but are not limited to:

3.3.3.1. Maximizing the total number of students statewide who will be able to attend a full day of kindergarten due to the availability of a renovated facility or Temporary Auxiliary Facility for a full-day kindergarten program;

3.3.3.2. The amount of the matching contribution being provided in excess or less than the minimum;

3.3.3.3. A School District's or Accounting District's bonded debt and bonded capacity used;

3.3.3.4. A School District's or Accounting District's bonded mill levy;

3.3.3.5. Whether the Applicant has been placed on financial watch by the Colorado Department of Education;

3.3.3.6. Overall condition of the Applicant's existing facilities;

3.3.3.7. If the Applicant has a current facility master plan;

3.3.3.8. The project cost per pupil based on number of pupils affected by the proposed FDK project;

3.3.3.9. The project life cycle;

3.3.3.10. Per Pupil Assessed Valuation of the applying district or Accounting District relative to the State average;

3.3.3.11. Percent of pupils eligible for free and reduced lunch in the applying district, charter school, or Institute Charter School;

3.3.3.12. Median household income of the applying district or Accounting District relative to the State average.

3.4. The Board shall submit to the State Board the prioritized list of Capital Construction projects. The prioritized list shall include:

3.4.1. The Board's recommendation to the State Board as to the amount of financial assistance to be provided to each Applicant approved by the Board to receive funding and whether the assistance should be in the form of a grant or a matching grant.

3.5. Additional actions the Board can take when reviewing a Application:

3.5.1. The Board may modify the amount of financial assistance requested or modify the amount of matching contribution required by the applicant as necessary;

3.5.2. The Board may recommend funding a project in its entirety or recommend a partial award to the project;

3.5.2.1. If a project is partially funded a written explanation will be provided.

1 CCR 303-2-3

Rules 2.2 eff. 11/30/2009.

Rules 2.4 eff. 11/30/2009.

Rules 3.2 eff. 11/30/2009.

Rules 3.3 eff. 11/30/2009.

Rules 3.4 eff. 11/30/2009.

Rules 3.5 eff. 11/30/2009.