(a) Basic grants. An LEA is eligible for a basic grant if the number of formula children is--

(1) At least 10; and (2) Greater than two percent of the LEA's total population ages 5 to 17 years, inclusive.

(b) Concentration grants. An LEA is eligible for a concentration grant if--

(1) The LEA is eligible for a basic grant under paragraph (a) of this section; and (2) The number of formula children exceeds--

(i) 6,500; or (ii) 15 percent of the LEA's total population ages 5 to 17 years, inclusive.

(c) Targeted grants. An LEA is eligible for a targeted grant if the number of formula children is--

(1) At least 10; and (2) At least five percent of the LEA's total population ages 5 to 17 years, inclusive.

(d) Education finance incentive grants. An LEA is eligible for an education finance incentive grant if the number of formula children is--

(1) At least 10; and (2) At least five percent of the LEA's total population ages 5 to 17 years, inclusive.

(Approved by the Office of Management and Budget under control numbers 1810-0620 and 1810-0622)

(Authority: 20 USC 6333-6337)

(Added by Federal Register, Vol.67, No.231 December 2,2002 effective January 2,2003.)