Section 5-C2501. PROGRAM

 

2501.1There is hereby established, within the DBFI, the District of Columbia Public Charter School Credit Enhancement Fund Grant Program ("Program") to provide credit enhancement to facilitate the purchase, construction and/or renovation of facilities for District of Columbia public charter schools. The credit enhancements will be administered through grants awarded to non-profit organizations to promote innovative credit enhancement initiatives for public charter schools facilities. The DBFI will fund the grants through the portion of the District of Columbia Public Charter School Credit Enhancement Fund ("Fund") administered by the Mayor.

 

2501.2In order to preserve the Fund as a revolving fund, the Program shall be administered, and grants awarded, in a manner that requires grant proceeds, and any interest or income earned thereon, if available, to be returned to the Fund when the grant proceeds are no longer necessary for credit enhancement.

 

source

Emergency Rulemaking published at 48 DCR 2951 (March 30, 2001) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 2951 (May 4, 2001) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 3899 (August 17, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 9630 (October 19, 2001).