Education Finance Incentive Grant Program

(a) States with an equity Factor less than 0.10 Section 1125A(d)(1)(B)(i) of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 6337(d)(1)(B)(i)) is amended to read as follows: (i) In general For each fiscal year for which the Secretary uses local educational agency data, the weighted child count used to determine a local educational agency’s grant under this section— (I) for each fiscal year through fiscal year 2025, is the larger of the two amounts determined under clauses (ii) and (iii); and (II) for fiscal year 2026 and each succeeding fiscal year, is the amount determined under clause (iii).. (b) States with an equity factor greater than or equal to 0.10 and less than 0.20 Section 1125A(d)(2)(B)(i) of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 6337(d)(2)(B)(i)) is amended to read as follows: (i) In general For each fiscal year for which the Secretary uses local educational agency data, the weighted child count used to determine a local educational agency’s grant under this section— (I) for each fiscal year through fiscal year 2025, is the larger of the two amounts determined under clauses (ii) and (iii); and (II) for fiscal year 2026 and each succeeding fiscal year, is the amount determined under clause (iii).. (c) States with an equity factor greater than or equal to 0.20 Section 1125A(d)(3)(B)(i) of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 6337(d)(3)(B)(i)) is amended to read as follows: (i) In general For each fiscal year for which the Secretary uses local educational agency data, the weighted child count used to determine a local educational agency’s grant under this section— (I) for each fiscal year through fiscal year 2025, is the larger of the two amounts determined under clauses (ii) and (iii); and (II) for fiscal year 2026 and each succeeding fiscal year, is the amount determined under clause (iii)..