The purpose of the Credit Enhancement
program is to award grants to eligible entities that demonstrate
innovative methods of helping charter schools address the cost of
acquiring, constructing, and renovating facilities by enhancing the
availability of loans and bond financing. This program provides
grants to eligible entities to permit them to enhance the credit of
charter schools so that the charter schools can access
private-sector and other non-Federal capital in order to acquire,
construct, and renovate facilities at a reasonable cost. The Credit
Enhancement for Charter School Facilities Program and the Charter
Schools Facilities Financing Demonstration Program have a statutory
mandate for an annual report. This reporting is a requirement in
order to obtain or retain benefits according to section 4304 of the
Elementary and Secondary Education Act of 1965 as amended by the
Every Student Succeeds Act (ESSA) of 2015. The information is
collected in order to adhere to statutory requirements and to
perform monitoring and evaluation of grantees.
The adjustment is due to an
increase in the number of grantees for this program.
$26,490
No
No
No
No
No
No
Uncollected
Clifton Jones 202
205-2204
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.