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Legal Resources | United States Code, Title 20 |    7223h  

Part B - Public Charter Schools. Subpart 2 - Credit Enhancement Initiatives To Assist Charter School Facility Acquisition, Construction, And Renovation. Recovery of funds.   

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(a) In general

The Secretary, in accordance with chapter 37 of title 31, shall collect -

(1) all of the funds in a reserve account established by an eligible entity under section 7223d(a) of this title if the Secretary determines, not earlier than 2 years after the date on which the eligible entity first received funds under this subpart, that the eligible entity has failed to make substantial progress in carrying out the purposes described in section 7223d(a) of this title; or

(2) all or a portion of the funds in a reserve account established by an eligible entity under section 7223d(a) of this title if the Secretary determines that the eligible entity has permanently ceased to use all or a portion of the funds in such account to accomplish any purpose described in section 7223d(a) of this title.

(b) Exercise of authority

The Secretary shall not exercise the authority provided in subsection (a) of this section to collect from any eligible entity any funds that are being properly used to achieve one or more of the purposes described in section 7223d(a) of this title.

(c) Procedures

The provisions of sections 451, 452, and 458 of the General Education Provisions Act [20 USC 1234, 1234a, 1234g] shall apply to the recovery of funds under subsection (a) of this section.

(d) Construction

This section shall not be construed to impair or affect the authority of the Secretary to recover funds under part D of the General Education Provisions Act [20 USC 1234 et seq.].

(Pub. L. 89-10, title V, Sec. 5229, as added Pub. L. 107-110, title V, Sec. 501, Jan. 8, 2002, 115 Stat. 1803.)