[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: 34CFR226.21]



[Page 565-566]

 

                           TITLE 34--EDUCATION

 

                  CHAPTER II--OFFICE OF ELEMENTARY AND

              SECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 226_STATE CHARTER SCHOOL FACILITIES INCENTIVE PROGRAM--Table of 

Contents

 

           Subpart C_What Conditions Must Be Met by a Grantee?

 

Sec.  226.21  How may charter schools use these funds?





    (a) Charter schools that receive grant funds through their State 

must use the funds for facilities. Except as provided in paragraph (b) 

of this section, allowable expenditures include:

    (1) Rent.



[[Page 566]]



    (2) Purchase of building or land.

    (3) Construction.

    (4) Renovation of an existing school facility.

    (5) Leasehold improvements.

    (6) Debt service on a school facility.

    (b) Charter schools may not use these grant funds for purchasing 

land when they have no immediate plans to construct a building on that 

land.



(Authority: 20 U.S.C. 7221d(b))