(a) Eligibility
An applicant that desires to receive a grant under this part shall submit an application to the State educational agency, at such time, and in such manner, as the State may require. Such application may take the form of an amendment to an assessment submitted by the local educational agency under section 210,[1] if appropriate.
(b) Requirements for applicationThe State shall require each application to include—
(2)
assurances that not more than 5 percent of the amount received by the applicant in any fiscal year shall be expended on administrative expenses;
(3) if the funds are to be used for improvement of elementary and secondary resources as described in subsection (b)(1)—
(A)
an estimate of the amount to be spent on equipment, facilities improvement, library resources, and classroom instructional material;
(B)
an estimate of the number of elementary and secondary students who will be aided by activities and expenditures under the grant;
(C) assurances that—
(i)
except as provided in subsection (c), a minimum of 25 percent of the funds for each project will be supplied by business concerns within the community;
(c) WaiverThe State may waive or reduce the amount of matching funds required under subsection (b)(3)(C)(i) if the State determines that—
(d) Joint applications
A regional consortium of applicants in 2 or more local school districts may file a joint application under subsection (a).
(Pub. L. 98–377, title III, § 325, as added Pub. L. 100–418, title VI, § 6031(a)(2), Aug. 23, 1988, 102 Stat. 1481.)