Ed-Flex

[AI summary unavailable — showing source text] Educational Reform and Flexibility Act of 1992 (Ed-Flex) - Amends the General Education Provisions Act (GEPA) to establish a program for flexibility and accountability in education and related services. Directs the Secretary of Education (the Secretary) to assist projects for elementary and secondary schools and other service providers to improve achievement of all students and other participants, but particularly disadvantaged individuals, by authorizing a limited number of waivers by which the performance of schools and programs can be improved by increasing their flexibility in use of resources while holding them accountable for achieving educational gains. Limits such waivers to not more than: (1) six States which have implemented comprehensive regulatory reform plans; and (2) 50 LEAs within each SEA of such States. Authorizes the Secretary (in support of such projects, and if such requirements may impede a school or service provider from meeting the special needs of such students and other individuals) to only waive a statutory or regulatory requirement applicable to a program under: (1) chapter 1 or 2 of title I of the Elementary and Secondary Education Act of 1965; (2) the D…