Sec. 205. State reservation and responsibilities
237 words·~1 min read·
/bill/113/hr/2821/ih/section-205A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each State receiving a grant under section 204(b) may reserve— not more than 10 percent of the grant funds for awards to State-funded early learning programs; and not more than 2 percent of the grant funds for the administrative costs of carrying out its responsibilities under this subtitle. Each State receiving a grant under this subtitle shall, after reserving any funds under subsection (a)— use the remaining grant funds only for awards to local educational agencies for the support of early childhood, elementary, and secondary education; distribute those funds, through subgrants, to its local educational agencies by distributing— 60 percent on the basis of the local educational agencies’ relative shares of enrollment; and 40 percent on the basis of the local educational agencies’ relative shares of funds received under part A of title I of the Elementary and Secondary Education Act of 1965 for fiscal year 2013; and make those funds available to local educational agencies no later than 100 days after receiving a grant from the Secretary.
A State shall not use funds received under this subtitle to directly or indirectly— establish, restore, or supplement a rainy-day fund; supplant State funds in a manner that has the effect of establishing, restoring, or supplementing a rainy-day fund; reduce or retire debt obligations incurred by the State; or supplant State funds in a manner that has the effect of reducing or retiring debt obligations incurred by the State.