AGENCY: Treasurer
SERIES: 28588
TITLE: Charter school credit enhancement program application addenda
DATES: 2012-
ARRANGEMENT: Chronological by year, thereunder by month.
DESCRIPTION: These records support the Utah Charter School Finance Authority's function to determine which charter schools are eligible for participation in the state's charter school credit enhancement program (Utah Code 53G-5-603(2)(h) (2018)). These addenda document the agency's assessment of charter schools that are requesting to participate in the program and are used to approve or deny a school's application (Utah Code 53G-5-606 (2018)). Records may include financial data and analysis, assessment of management and governance practices, operating history, academic performance data, and enrollment data.
RETENTION
Retain for 40 year(s)
DISPOSITION
Destroy.
RETENTION AND DISPOSITION AUTHORIZATION
Retention and disposition for this series is authorized by Archives general schedule Bonds, notes & interest payments, GRS-1801
AUTHORIZED: 11/08/2019
FORMAT MANAGEMENT
Computer data files: Retain in Office for 40 years and then delete.
Paper: Retain in Office for 2 years and then transfer to State Records Center. Retain in State Records Center for 38 years and then destroy.
APPRAISAL
Fiscal
Approval of a charter school's application for eligibility under the state's charter school Credit Enhancement Program, if given by the UCSFA, extends a moral obligation pledge of the state to those bonds issued by an eligible charter school (Utah Code 53A-20b-104(3) 2012). ¶ ¶With this moral obligation pledge form of credit enhancement, the eligible charter school's bonds receive a higher rating than they would have otherwise, and correspondingly those bonds carry lower interest rates, reducing significantly the eligible charter school's borrowing costs.
PRIMARY DESIGNATION
Public