Education Reinvestment Act

[AI summary unavailable — showing source text] Education Reinvestment Act- Amends the Elementary and Secondary Education Act of 1965 (ESEA) to revise, and reauthorize through FY 2005, various ESEA programs. (Sec. 3) Declares U.S. national educational priorities addressed by this Act. Title I: Student Performance - Revises and renames ESEA title I as Student Performance (currently Helping Disadvantaged Children Meet High Standards). (Sec. 102) Declares it to be U.S. policy to ensure that all students receive a high-quality education by: (1) holding States, LEAs, and schools accountable for increased student academic performance results; and (2) facilitating improved classroom instruction. (Sec. 103) Extends the authorization of appropriations for the following title I programs under: (1) part A, LEA grants; (2) part B, Even Start; (3) part C, education of migratory children; (4) part D, prevention and intervention programs for youth who are neglected, delinquent, or at-risk of dropping out; (5) provisions for capital expenses; and (6) part E, Federal evaluations, demonstrations, and transition projects. (Sec. 104) Requires SEAs to reserve a specified portion of their title I part A (I-A) funds to: (1) make at least 80 percent of…