Nevada State Data:
Last updated: 2021
Subject to legislative appropriation, charter schools may apply to the state department of education for available money for facilities if certain qualifications are met. However, the Fund to Assist School Districts in Financing Capital Improvements is not currently funded.Nevada law allows charter schools to contract with school districts for the use of facilities at a cost no more than the amount of per pupil dollars the district would otherwise spend on the building, but there is no requirement to offer right of first refusal.
Nevada law provides charter schools with access to the State-sponsored Account for Charter Schools, a revolving loan fund. The Account for Charter Schools revolving loan fund was funded for the first time in 2013 with a one-time State appropriation of $750,000. This funding must be used to make loans at or below market rate to charter schools for costs incurred in preparing a charter school to commence its first year of operations or to improve a charter school that has been in operation. The maximum loan amount is the lesser of $500 per pupil or $200,000. Repayment must be completed in three years.
Nevada law authorizes the Director of the Department of Business and Industry to issue bonds and other obligations to finance the acquisition, construction, improvement, restoration, or rehabilitation of property, buildings, and facilities for charter schools.
Nevada law allows charter schools to contract with school districts for the use of facilities at a cost no more than the amount of per pupil dollars the district would otherwise spend on the building.
– DOE Office of Indian Education [doe.nv.gov/IndianEducation/]
– Nevada Charter School Program Grants [doe.nv.gov/Charter_Schools/NCSP/]
– Account for Charter Schools, revolving loan fund [charterschools.nv.gov/ForSchools/For_Schools/]
Public Charters on Tribal Lands or Serving a Significant Proportion of Native Students:
Source: National Alliance for Public Charter Schools (2018)