20 USC 7221a – Program authorized
(a) In general
The Secretary may carry out a charter school program that supports charter schools that serve early childhood, elementary school, or secondary school students by—
(1) supporting the startup of new charter schools, the replication of high-quality charter schools, and the expansion of high-quality charter schools;
(2) assisting charter schools in accessing credit to acquire and renovate facilities for school use; and
(3) carrying out national activities to support—
(A) the activities described in paragraph (1);
(B) the dissemination of best practices of charter schools for all schools;
(C) the evaluation of the impact of the charter school program under this part on schools participating in such program; and
(D) stronger charter school authorizing practices.
(b) Funding allotment
Terms Used In 20 USC 7221a
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
From the amount made available under section 7221j of this title for a fiscal year, the Secretary shall—
(1) reserve 12.5 percent to support charter school facilities assistance under section 7221c of this title;
(2) reserve 22.5 percent to carry out national activities under section 7221d of this title; and
(3) use the remaining amount after the reservations under paragraphs (1) and (2) to carry out section 7221b of this title.
(c) Prior grants and subgrants
The recipient of a grant or subgrant under part B of title V (as such part was in effect on the day before December 10, 2015) shall continue to receive funds in accordance with the terms and conditions of such grant or subgrant.