Amendment sought to establish a two percent set-aside within State funds to provide oversight of the use of funds by charter schools.

1. 1

   Change 1: Replaces “7 percent” with “5 percent”

   ReplacesPage 8, line 1Printed page

   In H.R. 10 · Reported in House

   "(A) use not less than 90 percent of the grant funds to award subgrants to eligible applicants, in accordance with the quality charter school program described in the State entity's application approved pursuant to subsection (f), for the purposes described in subparagraphs (A) through (C) of subsection (a)(1);

   "(B) reserve not less than [struck: 7][inserted: 5] percent of such funds to carry out the activities described in subsection (a)(2); and

   "(C) reserve not more than 3 percent of such funds for administrative costs which may include technical assistance.

   Original wording

   Page 8, line 1, strike “7 percent” and insert “5 percent”.

2. 2

   Change 2: Strikes “and”

   StrikesPage 8, line 3Printed page

   Struck: and

   Original wording

   Page 8, line 3, strike “and”.

3. 3

   Change 3: Replaces the period at the end of page 8, line 6 with “; and”

   ReplacesPrinted page

   …[struck: .][inserted: ; and]

   Original wording

   Page 8, line 6, strike the period at the end and insert “; and”.

4. 4

   Change 4: Inserts new text on page 8, line 6

   InsertsPrinted page

   Inserted: (D) reserve not less than 2 percent of such funds for oversight of the use of public funds (which shall cover Federal, State, and local funds) and private funds by each public chartering agency in the State of the State entity for each charter school authorized by such agency, by each local educational agency in the State for each charter school served by such agency, and by the State as a whole for each charter school in the State, which shall include the investigation of fraud, waste, mismanagement and misconduct, including monitoring the annual filing and public reporting of independently audited financial statements (including disclosure of amount and duration of any Federal, State, and local, and private financial and in-kind contributions of support, and expenditures of such support).

   Original wording

   Page 8, after line 6, insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed