H. R. 3453 (Reported-in-House)

(1) in subsection (b)—

(A) in paragraph (1)(C), by striking “and” after the semicolon; and

(B) by striking paragraph (2) and inserting the following:

“(2) (A) provide technical assistance to eligible applicants and authorized public chartering agencies in carrying out the activities described in paragraph (1);

“(B) work with authorized public chartering agencies in the State to improve authorizing quality, including developing capacity for, and conducting, fiscal oversight and auditing of charter schools; and

“(C) at the State entity’s discretion—

“(i) fund a revolving loan fund or similar mechanisms for the expenses of eligible applicants under subsection (h) prior to the receipt of subgrant funds under paragraph (1); and

“(ii) provide assistance to eligible applicants in locating and accessing a facility; and

“(3) provide pre-charter planning subgrants (in amounts of no more than $100,000 per subgrantee) to charter school developers that—

“(A) intend to submit an application—

“(i) to an authorized public chartering agency to operate a charter school; or

“(ii) to nonprofit or public entities for the provision of financial support to such developers;

“(B) are led by educators who—

“(i) have not less than 54 months of school-based experience (which may include experience in teaching in or administering after school or summer school programs); and

“(ii) have demonstrated leadership competencies and success with students, as determined by the State entity; and

“(C) have successfully completed the development of an initial plan for opening a charter school, as evidenced by a description of the educational needs of the community in which the proposed charter school will be located and how the proposed charter school will be suited to meet those needs.”;

(2) in subsection (c)(1)—

(A) in subparagraph (A), by striking “90 percent” and inserting “82 percent”;

(B) in subparagraph (B)—

(i) by striking “not less than 7 percent” and inserting “not more than 10 percent”; and

(ii) by striking “and” after the semicolon;

(C) by redesignating subparagraph (C) as subparagraph (D);

(D) by inserting after subparagraph (B) the following:

“(C) reserve not more than 5 percent of such funds to carry out the activities described in subsection (b)(3); and”;

(3) in subsection (d)(1)(B), by striking “this section” and inserting “subsection (b)(1)”;

(4) in subsection (e)(2), by striking “this section” and inserting “subsection (b)(1)”;

(5) in subsection (f)(1)(A)(vi)—

(A) in the matter preceding subclause (I), by inserting “under subsection (b)(1)” after “program”; and

(B) in subclause (II), by striking “subgrant funds under this section” and inserting “subgrant funds under subsection (b)(1)”; and

(6) in subsection (h), in the matter preceding paragraph (1), by striking “this section” and inserting “subsection (b)(1)”.