81 FR 84 - Credit Enhancement for Charter School Facilities Program

DEPARTMENT OF EDUCATION

Federal Register Volume 81, Issue 1 (January 4, 2016)

The Secretary intends to use the existing slate of applicants developed for the Credit Enhancement for Charter School Facilities Program in Fiscal Year (FY) 2014 to make new grant awards in FY 2016. The Secretary takes this action because a number of high-quality applications remain on the grant slate and available funding for the program in FY 2016 can support only a limited number of new awards.

[Federal Register Volume 81, Number 1 (Monday, January 4, 2016)]
[Notices]
[Pages 84-85]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-33091]


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DEPARTMENT OF EDUCATION


Credit Enhancement for Charter School Facilities Program

AGENCY: Office of Innovation and Improvement, Department of Education.

ACTION: Notice.

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    Catalog of Federal Domestic Assistance Number: 84.354A.

SUMMARY: The Secretary intends to use the existing slate of applicants 
developed for the Credit Enhancement for Charter School Facilities 
Program in Fiscal Year (FY) 2014 to make new grant awards in FY 2016. 
The Secretary takes this action because a number of high-quality 
applications remain on the grant slate and available funding for the 
program in FY 2016 can support only a limited number of new awards.

FOR FURTHER INFORMATION CONTACT: Clifton Jones, U.S. Department of 
Education, 400 Maryland Ave. SW., Room 4W244, Washington, DC 20202. 
Telephone: 202-205-2205 or by email: [email protected].
    If you use a telecommunications device for the deaf (TDD) or a text 
telephone (TTY), you may call the Federal Relay Service (FRS), toll 
free, at 1-800-877-8339.

SUPPLEMENTARY INFORMATION: 
    Background: On January 15, 2014, we published in the Federal 
Register (79 FR 2640) a notice inviting applications (NIA) for new 
awards for FY 2014 under the Credit Enhancement for Charter School 
Facilities Program. In this NIA, we indicated that, contingent upon the 
availability of funds and the quality of applications, we may make 
additional awards later in FY 2014 and FY 2015 from the list of 
unfunded applicants from the FY 2014 competition.
    We received a number of applications for grants under the Credit 
Enhancement for Charter School Facilities Program in FY 2014, many of 
which received very high scores. We made two initial awards in FY 2014 
and two additional awards in FY 2015. Because we received a large 
number of high-quality applications and had limited funds available for 
awards, many high scoring applications did not receive funding in FY 
2014 or FY 2015.
    Based on historical data, we believe that the funding available for 
this program in FY 2016 \1\ could support approximately two new awards. 
We do not believe that conducting a new competition in FY 2016, for so 
few awards, is warranted; and therefore, we intend to select FY 2016 
grantees from the unfunded high-quality applications in the existing 
slate of applicants.
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    \1\ The Consolidated Appropriations Act, 2016 requires the 
Secretary to use not less than $16 million of the funds available 
for part B of title V of the Elementary and Secondary Education Act 
for the Credit Enhancement for Charter School Facilities Program 
(subpart 2 of part B). We intend to use $16 million of such funds 
for awards under the program in FY16, consistent with the 
appropriations act requirement.
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    Program Authority: 20 U.S.C. 223-7223j.
    Accessible Format: Individuals with disabilities can obtain this 
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under FOR FURTHER INFORMATION CONTACT.
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[[Page 85]]

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    Dated: December 29, 2015.
Nadya Chinoy Dabby,
Assistant Deputy Secretary for Innovation and Improvement.
[FR Doc. 2015-33091 Filed 12-31-15; 8:45 am]
 BILLING CODE 4000-01-P