Emergency apportionments: repayment: charter schools.

Existing law authorizes the governing board of an insolvent school district to request an emergency apportionment through the Superintendent of Public Instruction subject to specified requirements and repayment provisions, including a requirement that the district repay the loan amount with interest. Existing law requires the Superintendent to assume all of the legal rights, duties, and powers of the governing board of a qualifying school district, as defined, that receives an emergency apportionment. Existing law requires the Superintendent, in consultation with the county superintendent of schools, to appoint an administrator to act on behalf of the Superintendent in exercising the authority assumed from the school district. This bill would require a charter school located within the geographic boundaries of a school district that is repaying an emergency apportionment to pay a prorated amount of the annual payment made by the district on the apportionment. The bill would require the Superintendent to deduct the prorated amount, to be calculated based upon the ratio of pupil enrollment, as prescribed, from the general purpose entitlement funding calculated for the charter school and apply the amount deducted to the outstanding balance of the applicable emergency apportionment.