Page:United States Statutes at Large Volume 110 Part 1.djvu/473

 PUBLIC LAW 104-106—FEB. 10, 1996 110 STAT. 449 (i) in the matter preceding clause (i), by inserting "(other than any amount received under paragraph (2)(B))" after "subsection"; (ii) in subclause (I) of clause (i), by striking "or the average per-pupil expenditure of all the States"; (iii) by amending clause (ii) to read as follows: "(ii) The Secretary shall next multiply the amount determined under clause (i) by the total number of students in average daily attendance at the schools of the local educational agency."; and (iv) by amending clause (iii) to read as follows: "(iii) The Secretary shall next subtract from the amount determined under clause (ii) all funds available to the local educational agency for current expenditures, but shall not so subtract funds provided— "(I) under this Act; or "(II) by any department or agency of the Federal Government (other than the Department) that are used for capital expenses."; and (B) by amending subparagraph (B) to read as follows: "(B) SPECIAI. RULE.—With respect to payments under this subsection for a fiscal year for a local educational agency described in clause (ii) or (iii) of paragraph (2)(A), the maximum amount of payments under this subsection shall be equal to— "(i) the product of— "(I) the average per-pupil expenditure in all States multiplied by 0.7, except that such amount may not exceed 125 percent of the average perpupil expenditure in all local educational agencies in the State; multiplied by "(II) the number of students described in subparagraph (A) or (B) of subsection (a)(1) for such agency; minus "(ii) the amount of payments such agency receives under subsections (b) and (d) for such year.". (g) CURRENT YEAR DATA. —Paragraph (4) of section 8003(f) of such Act (20 U.S.C. 7703(f)) is amended to read as follows: " (4) CURRENT YEAR DATA. —For purposes of providing assistance under this subsection the Secretary— "(A) shall use student and revenue data from the fiscal year for which the local educational agency is applying for assistance under this subsection; and "(B) shall derive the per pupil expenditure amount for such year for the local educational agency's comparable school districts by increasing or decreasing the per pupil expenditure data for the second fiscal year preceding the fiscal year for which the determination is made by the same percentage increase or decrease reflected between the per pupil expenditure data for the fourth fiscal year preceding the fiscal year for which the determination is made and the per pupil expenditure data for such second year. ". (h) TECHNICAL AMENDMENTS TO CORRECT REFERENCES TO 20 USC 7703 REPEALED LAW.— Section 386 of the National Defense Authorization note. Act for Fiscal Year 1993 (Public Law 102-484; 20 U.S.C. 238 note) is amended—

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