D.C. Mun. Regs. tit. 5, r. 5-C2601

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 5-C2601 - PROGRAM

2601.1

There 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.

2601.2

In 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.

D.C. Mun. Regs. tit. 5, r. 5-C2601

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)