Education for Economic Security Amendments of 1987

[AI summary unavailable — showing source text] Education for Economic Security Amendments of 1987 - Amends the Education for Economic Security Act to rename title II as the "Christa McAuliffe Teacher Training and Improvement Act." Authorizes appropriations for FY 1988 through 1992 for such title. Authorizes the Secretary of Education to reserve up to 20 percent of such funds for national programs. Directs the Secretary to reserve: (1) one half of one percent for projects and activities in specified territories and possessions of the U.S.; and (2) one half of one percent for projects and activities for Indian children in Department of the Interior schools. Directs the Secretary to allot the remainder among States on the basis of number of children aged five to 17. Provides for reallotment under specified conditions. Sets forth provisions for programs for Indian children. Sets forth provisions for State and local projects. Requires eligible recipients (i.e. a local educational agency, institution of higher education, cultural institution, professional association, or other capable public or private agency) to submit applications to the State educational agency. Directs the State agency to use for State projects that portion of it…