20 USC 8071c: Charter school objectives

20 USC 8071c: Charter school objectives Text contains those laws in effect on January 2, 2001

From Title 20-EDUCATIONCHAPTER 70-STRENGTHENING AND IMPROVEMENT OF ELEMENTARY AND SECONDARY SCHOOLSSUBCHAPTER X-PROGRAMS OF NATIONAL SIGNIFICANCEPart C-Public Charter Schoolssubpart 2-credit enhancement initiatives to assist charter school facility acquisition, construction, and renovation

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§8071c. Charter school objectives

An eligible entity receiving a grant under this subpart shall use the funds deposited in the reserve account established under section 8071d(a) of this title to assist one or more charter schools to access private sector capital to accomplish one or both of the following objectives:

(1) The acquisition (by purchase, lease, donation, or otherwise) of an interest (including an interest held by a third party for the benefit of a charter school) in improved or unimproved real property that is necessary to commence or continue the operation of a charter school.

(2) The construction of new facilities, or the renovation, repair, or alteration of existing facilities, necessary to commence or continue the operation of a charter school.

(Pub. L. 89–10, title X, §10324, as added Pub. L. 106–554, §1(a)(1) [title III, §322(a)(2)], Dec. 21, 2000, 114 Stat. 2763 , 2763A-59.)

Section Referred to in Other Sections

This section is referred to in sections 8071d, 8071f of this title.