Blake Moore: “I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is…”

“I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 8, line 1, strike ``7 percent'' and insert ``5 percent''. Page 8, line 3, strike ``and''. Page 8, line 6, strike the period at the end and insert ``; and''. Page 8, after line 6, insert the following: ``(D) reserve not less than 2 percent of such funds for oversight of the use of public funds (which shall cover Federal, State, and local funds) and private funds by each public chartering agency in the State of the State entity for each charter school authorized by such agency, by each local educational agency in the State for each charter school served by such agency, and by the State as a whole for each charter school in the State, which shall include the investigation of fraud, waste, mismanagement and misconduct, including monitoring the annual filing and public reporting of independently audited financial statements (including disclosure of amount and duration of any Federal, State, and local, and private financial and in-kind contributions of support, and expenditures of such support).''. The Acting CHAIR. Pursuant to House Resolution 576, the gentlewoman from Wisconsin (Ms. Moore) and a Member opposed each will control 5 minutes. The Chair recognizes the gentlewoman from Wisconsin.”