Indian school equalization formula

(a) Update (1) In general Not later than 1 year after the date of enactment of this Act, and in accordance with paragraph (3), the Secretary, in coordination with the Assistant Secretary and the Director of the Bureau of Indian Education, shall update the Indian School Equalization Formula, including by completing the process of developing alternative methods for the equitable distribution of the Indian School Equalization Formula, with consideration given to the factors described in paragraph (2). (2) Factors described The factors referred to in paragraph (1), are the following: (A) Ensuring that the Indian School Equalization Formula provides sufficient funding to adequately fund schools operated by the Bureau of Indian Education. (B) Average State-by-State salaries for school teachers, principals, other leadership positions, and all school staff at schools not operated by the Bureau of Indian Education, with consideration given to matching the highest quartile of those salaries. (3) Requirements In updating the Indian School Equalization Formula under paragraph (1), the Secretary shall— (A) ensure the updated Indian School Equalization Formula provides sufficient funding to fully support salaries for all employees at a rate commensurate with paragraph (2)(B); (B) consider the weights or ratios related to— (i) schools controlled by Indian Tribes; (ii) schools with fewer than 100 students; and (iii) schools located in rural areas; and (C) ensure that Havasupai Elementary School is awarded an additional cost factor of 12.5 Weighted Student Unit (as defined in section 39.2 of title 25, Code of Federal Regulations (or successor regulations)). (b) Report The Secretary, in coordination with the Assistant Secretary and the Director of the Bureau of Indian Education, and in consultation with national organizations representing Indian Tribes and students attending Bureau of Indian Education schools, shall submit to Congress a report describing— (1) the adequacy of the Indian School Equalization Formula and the Indian School Equalization Program in fulfilling the needs of Bureau of Indian Education schools and schools controlled by Indian Tribes; and (2) recommendations for increasing or modifying factors to improve the Indian School Equalization Formula.