U.S. Code > Title 20 Education > CHAPTER 70—STRENGTHENING AND IMPROVEMENT OF ELEMENTARY AND SECONDARY SCHOOLS (§§ 6301—8961,_8962) > SUBCHAPTER V—PROMOTING INFORMED PARENTAL CHOICE AND INNOVATIVE PROGRAMS (§§ 7201—7283g) > Part B—Public Charter Schools (§§ 7221—7225g) > subpart 1—charter school programs (§§ 7221—7221j) > § 7221j. Authorization of appropriations

§ 7221j. Authorization of appropriations

(a) In general
There are authorized to be appropriated to carry out this subpart $300,000,000 for fiscal year 2002 and such sums as may be necessary for each of the 5 succeeding fiscal years.
(b) Reservation
From the amount appropriated under subsection (a) of this section for each fiscal year, the Secretary shall reserve—
(1) $200,000,000 to carry out this subpart, other than section 7221d (b) of this title; and
(2) any funds in excess of $200,000,000, that do not exceed $300,000,000, to carry out section 7221d (b) of this title; and
(3)
(A) 50 percent of any funds in excess of $300,000,000 to carry out this subpart, other than section 7221d (b) of this title; and
(B) 50 percent of any funds in excess of $300,000,000 to carry out section 7221d (b) of this title.