Section 5-C2601. PROGRAM

 

2601.1There is hereby established, the District of Columbia Public Charter School Credit Enhancement Fund Committee 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 District of Columbia public charter schools and non-profit organizations to promote innovative credit enhancement initiatives for public charter schools facilities. The Committee will fund the grants through the portion of the District of Columbia Public Charter School Credit Enhancement Fund ("Fund") administered by the Committee.

 

2601.2In 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 3900 (May 4, 2001) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 7782 (August 17, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 9815 (October 26, 2001).