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School Technology Revolving Loan Program

The School Technology Revolving Loan Program (STRLP) is a 3 year loan with 2% interest rate. Since the inception of the program in FY99, over $74 million (523 loans) has been loaned to eligible school districts. Loan applications are received from June 1st – December 1st every year. Decisions on loans are not made until December 15th every year.

In FY2008 districts, charter schools, lab schools, and area vocational centers housing K through 8th grades were eligible to apply. In FY2009 the loan will be eligible to districts serving grades 9 through 12. The loan will continue to cycle in that manner. Loan payments are due on June 1st and December 1st of each year. Loans receive a 15 day grace period. Any loan payment not received within those 15 days is charged a 5% penalty.

FY10 School Technology Revolving Loan Program (updated August 2009)
New
FY 09 School Technology Revolving Loan Application for Grades 9 - 12
PDF Document
FY09 Expenditure Report PDF Document


FY 2008 Loan Recipients
PDF Document
All recipients of 2008 loan received the amount requested on their application. These amounts are posted in the Financial Reimbursement Information System (FRIS Inquiry).

STRLP Frequently Asked Questions PDF Document


Legislation PDF Document


School Code Information PDF Document


Rules PDF Document


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