D.C. Mun. Regs. tit. 5, r. 5-C2608

Current through Register 71, No. 45, November 7, 2024

Rule 5-C2608 - APPLICATION REVIEW

2608.1

Not later than sixty (60) days after the receipt of an application which meets the criteria set forth in § 2605.2 and 2607 of these regulations, the Committee, or a subcommittee designated by the Committee, shall approve, in whole or in part, or disapprove, in whole or in part, the grant sought by the applicant.

2608.2

The Committee, or a subcommittee designated by the Committee, will consider the following factors in determining whether to approve an application:

(a) The number of charter schools and/or number of the students to be served by the charter school(s) located in, and/ or benefiting from, the project;

(b) Whether the project will benefit a high-risk population;

(c) Whether the project is located in a Neighborhood Target area as established by the Office of Planning;

(d) Whether the grant will improve public education in the District of Columbia; and

(e) Whether there is a reasonable probability that the project will not be achieved, or the success of the charter school(s) benefiting from the project, will not be achieved without the grant.

(f) The extent to which the grant requested will deplete the Fund or the extent to which the grant is structured to return proceeds to the Fund once the grant proceeds are no longer necessary for credit enhancement for the applicant.

2608.3

The Committee may approve the grant in whole or in part based on one or more of the factors listed in § 2608.2.

D.C. Mun. Regs. tit. 5, r. 5-C2608

Emergency Rulemaking published at 48 DCR 3900 (May 4, 2001) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 7782 (August 17, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 9815 (October 26, 2001)