Subchapter V - Promoting Informed Parental Choice And Innovative Programs. Part C - Magnet Schools Assistance. Authorization of appropriations; reservation.
For the purpose of carrying out this part, there are authorized to be appropriated $125,000,000 for fiscal year 2002 and such sums as may be necessary for each of the 5 succeeding fiscal years.
(b) Availability of funds for grants to agencies not previously assisted In any fiscal year for which the amount appropriated pursuant to subsection (a) of this section exceeds $75,000,000, the Secretary shall give priority in using such amounts in excess of $75,000,000 to awarding grants to local educational agencies or consortia of such agencies that did not receive a grant under this part in the preceding fiscal year.
(Pub. L. 89-10, title V, Sec. 5311, as added Pub. L. 107-110, title V, Sec. 501, Jan. 8, 2002, 115 Stat. 1810.)