B.__For each fiscal year, which runs from July 1st to June 30th, allocations must be made in 4 quarterly payments on September 1st, December 1st, March 1st and June 1st.

C.__The September payment under paragraph B must be based on the number of students enrolled or anticipated to be enrolled in the charter school at the opening of school for that school year, which cannot exceed the maximum enrollment approved in the charter agreement for that year unless a waiver is obtained from the chartering authority.

D.__If the number of students calculated under paragraph C is higher or lower than the number of students in the following February of the school year, adjustments are to be made in the March payment under paragraph B, with 50% of the annual per pupil allocation to be added for additional students or subtracted if the total number of students is lower.

2.__Other subsidizable costs.__Public charter schools are entitled to receive state funds for other subsidizable costs as described in section 15681-A on a per-pupil basis, on the same schedule as listed in subsection 1, for transportation, vocational education and special education costs.__Public charter schools may contract or cooperate with public schools for such services.

3.__Special education costs.__Public charter schools are entitled to receive state funding for the special education costs as described in section 15681-A, subsection 2 and as described in section 15689-A, subsections 1 and 2 on the same basis as schools in a school administrative unit.

4.__Other sources of funding.__A charter school may receive other state and federal aid, grants and revenue through its chartering authority, or through the State in the case of Title I of the federal Elementary and Secondary Education Act of 1965, 20 United States Code, Section 6301 et seq. and similar programs.__A charter school may be considered a local education agency for purposes of applying for competitive federal grants.__The charter school may receive gifts and grants from private sources in whatever manner is available to school administrative units.

5.__No taxing or bonding authority.__A charter school may not levy taxes or issue bonds secured by tax revenues.