(

a) There is hereby established the Charter School Facilities Program to provide funding to qualifying entities for the purpose of establishing school facilities for charter school pupils. (b)

(1) The Charter School Facilities Account is hereby established within the State School Facilities Fund established pursuant to subdivision (

b) of

Section 17070.40. The proceeds of bonds, as set forth in subparagraph (

A) of paragraph (1) of subdivision (

a) of

Section 100620, shall be deposited into the Charter School Facilities Account for the purposes of this article. Notwithstanding

Section of the Government Code, funds deposited into the account are hereby continuously appropriated for the purposes of this article.

(2) The Charter School Facilities Account is hereby established within the State School Facilities Fund established pursuant to subdivision (

c) of

Section 17070.40. The proceeds of bonds, as set forth in subparagraph (

A) of paragraph (1) of subdivision (

a) of

Section 100820, if approved by the voters, shall be deposited into the Charter School Facilities Account for the purposes of this article. Notwithstanding

Section of the Government Code, funds deposited into the account are hereby continuously appropriated for the purposes of this article.

(3) The Charter School Facilities Account is hereby established within the State School Facilities Fund established pursuant to subdivision (

d) of

Section 17070.40. The proceeds of bonds, as set forth in paragraph (2) of subdivision (

a) of

Section 101012, if approved by the voters, shall be deposited into the Charter School Facilities Account for the purposes of this article. Notwithstanding

Section of the Government Code, funds deposited into the account are hereby continuously appropriated for the purposes of this article.

(4) The Charter School Facilities Account is hereby established within the State School Facilities Fund established pursuant to

Section 17070.42. The proceeds of bonds, as set forth in paragraph (3) of subdivision (

a) of

Section and if approved by the voters at the November 5, 2024, statewide general election, shall be deposited into the Charter School Facilities Account for purposes of this article. Notwithstanding

Section of the Government Code, funds deposited into the account are hereby continuously appropriated for purposes of this article. (

c) As used in this article, the following terms have the following meanings: (1) “Authority” means the California School Finance Authority established pursuant to

Section 17172. (2) “Account” means the pertinent account established under subdivision (b). (3) “Preliminary apportionment” means an apportionment made for eligible applicants under this

article in advance of full compliance with all of the application requirements otherwise required for an apportionment pursuant to this chapter. The process for making preliminary apportionments under this

article shall be substantially identical to the process established for critically overcrowded schools pursuant to Sections 17078.22 to 17078.30, inclusive. (4) “Financially sound” means a charter school that has demonstrated, over a period of time determined by the authority, but not less than months immediately preceding the submission of the application, that it has operated as a financially capable concern in California, as measured by criteria established by the authority.

A charter school that cannot demonstrate that it has been a financially capable concern for at least months immediately preceding the submission of the application, due solely to not having operated as a charter school for at least months, may meet this 24-month requirement if the charter school is managed by staff who have at least months of documented experience, as measured by criteria established by the authority and the charter school has an educational plan, financial resources, facilities expertise, management expertise, and has been a financially capable concern for at least months, as established by the authority. (

d) The board shall, from time to time, transfer funds within the account to the California School Finance Authority Fund for the purposes of this

article pursuant to the request of the authority as set forth in this article.