(A) in paragraph (1)(C), by striking ‘‘and’’ 
after the semicolon; and 
(B) by striking paragraph (2) and insert-
ing the following: 
‘‘(2)(A) provide technical assistance to eligible 
applicants and authorized public chartering agencies 
in carrying out the activities described in paragraph 
(1); 
‘‘(B) work with authorized public chartering 
agencies in the State to improve authorizing quality, 
including developing capacity for, and conducting, 
fiscal oversight and auditing of charter schools; and 
‘‘(C) at the State entity’s discretion— 
‘‘(i) fund a revolving loan fund or similar 
mechanisms for expenses under subsection (h) 
prior to an eligible applicant receiving reim-
bursement; and 
‘‘(ii) provide assistance to eligible appli-
cants in locating and accessing a facility; and 
‘‘(3) provide pre-charter planning subgrants (in 
amounts of no more than $100,000 per prospective 
applicant) to charter school developers that— 
‘‘(A) intend to submit an application— 
‘‘(i) to an authorized public chartering 
agency to operate a charter school; or 
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‘‘(ii) to nonprofit or public entities for 
the provision of financial support to such 
developers; 
‘‘(B) are led by educators who— 
‘‘(i) have not less than 54 months of 
school-based experience (which may include 
experience in teaching in or administering 
after school or summer school programs); 
and 
‘‘(ii) have demonstrated leadership 
competencies and success with students, as 
determined by the State entity; and 
‘‘(C) have successfully completed the devel-
opment of an initial plan for opening a charter 
school, as evidenced by a description of the edu-
cational needs of the community in which the 
proposed charter school will be located and how 
the proposed charter school will be suited to 
meet those needs.’’; 
(2) in subsection (c)(1)— 
(A) in subparagraph (A), by striking ‘‘90 
percent’’ and inserting ‘‘80 percent’’; 
(B) in subparagraph (B)— 
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(i) by striking ‘‘not less than 7 per-
cent’’ and inserting ‘‘not more than 10 
percent’’; and 
(ii) by striking ‘‘and’’ after the semi-
colon; 
(C) by redesignating subparagraph (C) as 
subparagraph (D); 
(D) in subparagraph (D), as so redesig-
nated, by striking ‘‘3 percent’’ and inserting ‘‘5 
percent’’; and 
(E) by inserting after subparagraph (B) 
the following: 
‘‘(C) reserve not more than 5 percent of 
such funds to carry out the activities described 
in subsection (b)(3); and’’; 
(3) in subsection (d)(1)(B), by striking ‘‘this 
section’’ and inserting ‘‘subsection (b)(1)’’; 
(4) in subsection (e)(2), by striking ‘‘this sec-
tion’’ and inserting ‘‘subsection (b)(1)’’; 
(5) in subsection (f)(1)(A)(vi)— 
(A) in the matter preceding subclause (I), 
by inserting ‘‘under subsection (b)(1)’’ after 
‘‘program’’; and 
(B) 
in 
subclause 
(II), 
by 
striking 
‘‘subgrant funds under this section’’ and insert-
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ing ‘‘subgrant funds under subsection (b)(1)’’; 
and 
(6) in subsection (h), in the matter preceding 
paragraph (1), by striking ‘‘this section’’ and insert-
ing ‘‘subsection (b)(1)’’. 
Æ 
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