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Legal Resources | United States Code, Title 20 |    7281b  

Maximum Amount.   

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(a) MAXIMUM AMOUNT- The maximum amount that a local educational agency is eligible to receive under this subpart for any fiscal year, when combined with its payment under section 8002(b), shall not be more than 50 percent of the maximum amount determined under section 8002(b).

(b) INSUFFICIENT FUNDS- If funds appropriated under section 5401 [20 USC 7241] are insufficient to pay the amount determined under subsection (a), the Secretary shall ratably reduce the payment to each local educational agency eligible under this subpart.

(c) EXCESS FUNDS- If funds appropriated under section 5401 [20 USC 7241] are in excess of the amount determined under subsection (a), the Secretary shall ratably distribute any excess funds to all local educational agencies eligible for payment under section 8002(b).

(Public Law 107-110, January 8, 2002, Section 5603.)