[Code of Federal Regulations]

[Title 34, Volume 1]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR225.1]



[Page 559-560]

 

                           TITLE 34--EDUCATION

 

                  CHAPTER II--OFFICE OF ELEMENTARY AND

              SECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 225_CREDIT ENHANCEMENT FOR CHARTER SCHOOL FACILITIES PROGRAM--Table 

of Contents

 

                            Subpart A_General

 

Sec.  225.1  What is the Credit Enhancement for Charter School Facilities 

Program?









                            Subpart A_General



Sec.

225.1 What is the Credit Enhancement for Charter School Facilities 

          Program?

225.2 Who is eligible to receive a grant?

225.3 What regulations apply to the Credit Enhancement for Charter 

          School Facilities Program?

225.4 What definitions apply to the Credit Enhancement for Charter 

          School Facilities Program?



             Subpart B_How Does the Secretary Award a Grant?



225.10 How does the Secretary evaluate an application?

225.11 What selection criteria does the Secretary use in evaluating an 

          application for a Credit Enhancement for Charter Schools 

          Facilities grant?

225.12 What funding priority may the Secretary use in making a grant 

          award?



           Subpart C_What Conditions Must Be Met by a Grantee?



225.20 When may a grantee draw down funds?

225.21 What are some examples of impermissible uses of reserve account 

          funds?



    Authority: 20 U.S.C. 7223, unless otherwise noted.



    Source: 70 FR 15003, Mar. 24, 2005, unless otherwise noted.







    (a) The Credit Enhancement for Charter School Facilities Program 

provides grants to eligible entities to assist charter schools in 

obtaining facilities.

    (b) Grantees use these grants to do the following:

    (1) Assist charter schools in obtaining loans, bonds, and other debt 

instruments for the purpose of obtaining, constructing, and renovating 

facilities.

    (2) Assist charter schools in obtaining leases of facilities.

    (c) Grantees may demonstrate innovative credit enhancement 

initiatives



[[Page 560]]



while meeting the program purposes under paragraph (b) of this section.

    (d) For the purposes of these regulations, the Credit Enhancement 

for Charter School Facilities Program includes grants made under the 

Charter School Facilities Financing Demonstration Grant Program.



(Authority: 20 U.S.C. 7223)