Rhode Island § 16-77.1-4 § 16-77.1-4. State funds for charter public schools start up costs.

Rhode Island Statutes

§ 16-77.1-4 — § 16-77.1-4. State funds for charter public schools start up costs.

Rhode Island § 16-77.1-4

Title 16Education

Ch. 16-77.1Funding of Charter Public Schools [See Title 16 Chapter 97 â€” The Rhode Island Board of Education Act]

This text of Rhode Island § 16-77.1-4 (§ 16-77.1-4. State funds for charter public schools start up costs.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 16-77.1-4 (2026).

Text

§ 16-77.1-4. State funds for charter public schools start up costs.
In the event that federal funds are either unavailable or are fully expended, there
            shall be established a system of interest free loans for start up costs for charter
            public schools to be provided from an appropriation of state funds designated by the
            legislature for this purpose. The loans shall not exceed one hundred and fifty thousand
            dollars ($150,000) for a single charter public school and this loan of state funds
            shall be repaid in equal monthly installments over no more than five (5) years. The
            state funds shall be distributed to charter public schools by the department of e

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§ 16-77.1-4. State funds for charter public schools start up costs.

In the event that federal funds are either unavailable or are fully expended, there shall be established a system of interest free loans for start up costs for charter public schools to be provided from an appropriation of state funds designated by the legislature for this purpose. The loans shall not exceed one hundred and fifty thousand dollars ($150,000) for a single charter public school and this loan of state funds shall be repaid in equal monthly installments over no more than five (5) years. The state funds shall be distributed to charter public schools by the department of elementary and secondary education through a process which requires each charter public school seeking the funds to submit a loan application to the department of elementary and secondary education.