Sec. 226. Use of funds
156 words·~1 min read·
/bill/113/hr/2821/ih/section-226A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Funds awarded to local educational agencies under this part shall be used only for either or both of the following modernization, renovation, or repair activities in facilities that are used for elementary or secondary education or for early learning programs: Direct payments for school modernization, renovation, or repair. To pay interest on bonds or payments for other financing instruments that are newly issued for the purpose of financing school modernization, renovation, or repair.
Funds made available under this part shall be used to supplement, and not supplant, other Federal, State, and local funds that would otherwise be expended to modernize, renovate, or repair eligible school facilities. Funds awarded to local educational agencies under this part may not be used for— new construction; payment of routine maintenance costs; or modernization, renovation, or repair of stadiums or other facilities primarily used for athletic contests or exhibitions or other events for which admission is charged to the general public.