2508.1 Not later than thirty (30) days after the receipt of an application which meets the criteria set forth in §§ 2505.2 and 2507 of these regulations, the DBFI shall approve, in whole or in part, or disapprove, in whole or in part, the grant sought by the applicant.

2508.2 The DBFI will consider the following factors in determining whether to approve an application:

1. (a) The number of charter schools and/or number of the students to be served by the charter school(s) located in, and/ or benefiting from, the project;
2. (b) Whether the project will benefit a high-risk population;
3. (c) Whether the project is located in a Neighborhood Target area as established by the Office of Planning;
4. (d) Whether the grant will improve public education in the District of Columbia; and
5. (e) Whether there is a reasonable probability that the project will not be achieved, or the success of the charter school(s) benefiting from the project, will not be achieved without the grant.
6. (f) The extent to which the grant requested will deplete the Fund or the extent to which the grant is structured to return grant proceeds to the Fund once the grant proceeds are no longer necessary for credit enhancement for the applicant.

2508.3 The DBFI may approve the grant in whole or in part based on one or more of the factors listed in § 2508.2.

SOURCE: Emergency Rulemaking published at 48 DCR 2951 (March 30, 2001) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 2951 (May 4, 2001) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 3899 (August 17, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 9630 (October 19, 2001).