Section 5-C2503. MAXIMUM AMOUNT OF GRANT

 

2503.1The maximum grant for each project, as defined in § 2505.1 of these regulations, under the Program shall not exceed five hundred thousand dollars ($500,000).

 

2503.2When more than one charter school is located in or benefiting from a project, the amount in § 2503.1 may be increased by an amount up to five hundred thousand dollars ($500,000) for each additional charter school located in or benefiting from the project after the first charter school.

 

2503.3The DBFI may increase the amounts in this section if the DBFI finds the following:

 

(a)The additional amount is supported by available funding and appropriations;

 

(b)The project could not be completed without the additional amount; and

 

(c)The project will provide a significant benefit to public charter schools in the District of Columbia.

 

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).