CFR > Title 34 - Education > SUBTITLE B—Regulations of the Offices of the Department of Education > CHAPTER II—OFFICE OF ELEMENTARY AND SECONDARY EDUCATION, DEPARTMENT OF EDUCATION (parts 200 to 299) > PART 226—STATE CHARTER SCHOOL FACILITIES INCENTIVE PROGRAM > SUBPART C—What Conditions Must Be Met by a Grantee? (§226.21 to §226.23) > 226.21—How may charter schools use these funds?

226.21—How may charter schools use these funds?

(a) Charter schools that receive grant funds through their State must use the funds for facilities. Except as provided in paragraph (b) of this section, allowable expenditures include:
(1) Rent.
(2) Purchase of building or land.
(3) Construction.
(4) Renovation of an existing school facility.
(5) Leasehold improvements.
(6) Debt service on a school facility.
(b) Charter schools may not use these grant funds for purchasing land when they have no immediate plans to construct a building on that land.

Code of Federal Regulations

(Authority: 20 U.S.C. 7221d(b) )