 CHAPTER 70--STRENGTHENING AND IMPROVEMENT OF ELEMENTARY AND SECONDARY 
                                 SCHOOLS
 
             SUBCHAPTER X--PROGRAMS OF NATIONAL SIGNIFICANCE
 
                     Part C--Public Charter Schools
 
   subpart 2--credit enhancement initiatives to assist charter school 
           facility acquisition, construction, and renovation
 
Sec. 8071b. Applications


(a) In general

    To receive a grant under this subpart, an eligible entity shall 
submit to the Secretary an application in such form as the Secretary may 
reasonably require.

(b) Contents

    An application under subsection (a) of this section shall contain--
        (1) a statement identifying the activities proposed to be 
    undertaken with funds received under this subpart, including how the 
    applicant will determine which charter schools will receive 
    assistance, and how much and what types of assistance charter 
    schools will receive;
        (2) a description of the involvement of charter schools in the 
    application's development and the design of the proposed activities;
        (3) a description of the applicant's expertise in capital market 
    financing;
        (4) a description of how the proposed activities will leverage 
    the maximum amount of private-sector financing capital relative to 
    the amount of government funding used and otherwise enhance credit 
    available to charter schools;
        (5) a description of how the applicant possesses sufficient 
    expertise in education to evaluate the likelihood of success of a 
    charter school program for which facilities financing is sought;
        (6) in the case of an application submitted by a State 
    governmental entity, a description of the actions that the entity 
    has taken, or will take, to ensure that charter schools within the 
    State receive the funding they need to have adequate facilities; and
        (7) such other information as the Secretary may reasonably 
    require.

(Pub. L. 89-10, title X, Sec. 10323, as added Pub. L. 106-554, 
Sec. 1(a)(1) [title III, Sec. 322(a)(2)], Dec. 21, 2000, 114 Stat. 2763, 
2763A-58.)
