Page:United States Statutes at Large Volume 114 Part 4.djvu/746

 114 STAT. 2762A-46 PUBLIC LAW 106-553 —APPENDIX A charter schools in the District of Columbia, to be administered and disbursed in accordance with paragraph (3)."; and (2) by adding at the end the following new paragraph: "(3) CREDIT ENHANCEMENT FUND FOR PUBLIC CHARTER SCHOOLS. — " (A) DISTRIBUTION OF AMOUNTS. — Of the amounts in the credit enhancement fund established under paragraph (2)(B)— "(i) 50 percent shall be used to make grants under subparagraph (B); and "(ii) 50 percent shall be used to make grants under subparagraph (C). " (B) GRANTS TO ELIGIBLE NONPROFIT CORPORATIONS. — "(i) IN GENERAL. —Using the amounts described in subparagraph (A)(i), not later than 1 year after the date of the enactment of the District of Columbia Appropriations Act, 2001, the Mayor of the District of Columbia shall make and disburse grants to eligible nonprofit corporations to carry out the purposes described in subparagraph (E). " (ii) ADMINISTRATION.—The Mayor shall administer the program of grants under this subparagraph, except that if the committee described in subparagraph (C)(iii) is in operation and is fully functional prior to the date the Mayor makes the grants, the Mayor may delegate the administration of the program to the committee. " (C) OTHER GRANTS. — "(i) IN GENERAL. —Using the amounts described in subparagraph (A)(ii), the Mayor of the District of Columbia shall make grants to entities to carry out the purposes described in subparagraph (E). "(ii) PARTICIPATION OF SCHOOLS.—^A public charter school in the District of Columbia may receive a grant under this subparagraph to carry out the purposes described in subparagraph (E) in the same manner as other entities receiving grants to carry out such activities. "(iii) ADMINISTRATION THROUGH COMMITTEE.—The Mayor shall carry out this subparagraph through the committee appointed by the Mayor under the second sentence of paragraph (2)(B) (as in effect prior to the enactment of the District of Columbia Appropriations Act, 2001). The committee may enter into an agreement with a third party to carry out its responsibilities under this subparagraph. "(iv) CAP ON ADMINISTRATIVE COSTS.— Not more than 10 percent of the funds available for grants under this subparagraph may be used to cover the administrative costs of making grants under this subparagraph. " (D) SPECIAL RULE REGARDING ELIGIBILITY OF NON- PROFIT CORPORATIONS. — In order to be eligible to receive a grant under this paragraph, a nonprofit corporation must provide appropriate certification to the Mayor or to the committee described in subparagraph (C)(iii) (as the case may be) that it is duly authorized by two or more public

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