Section 5-C2603. MAXIMUM AMOUNT OF GRANT

 

2603.1The maximum grant for each project, as defined in § 2605.1 of these regulations, under the Program shall not exceed five hundred thousand dollars ($500,000).

 

2603.2When more than one charter school is located in or benefiting from a project, the amount in § 2603.1 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.

 

2603.3The Committee may increase the amounts in this section if the Committee 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 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).