20 USC 7231j – Authorization of appropriations; reservation
(a) Authorization
There are authorized to be appropriated to carry out this part the following amounts:
(1) $94,000,000 for fiscal year 2017.
(2) $96,820,000 for fiscal year 2018.
(3) $102,387,150 for fiscal year 2019.
(4) $108,530,379 for fiscal year 2020.
(b) Reservation for technical assistance
Terms Used In 20 USC 7231j
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
The Secretary may reserve not more than 1 percent of the funds appropriated under subsection (a) for any fiscal year to provide technical assistance and share best practices with respect to magnet school programs assisted under this part.
(c) Availability of funds for grants to agencies not previously assisted
In any fiscal year for which the amount appropriated pursuant to subsection (a) exceeds $75,000,000, the Secretary shall give priority in using such amounts in excess of $75,000,000 to awarding grants to local educational agencies or consortia of such agencies that did not receive a grant under this part in the preceding fiscal year.