To amend the Elementary and Secondary Education Act of 1965 to ensure that the Impact Aid program of the Department of Education guarantees that each eligible local educational agency receives at least the same percentage of the maximum payment under current formulas as the percentage of its land owned by the Federal Government.

[AI summary unavailable — showing source text] Amends the Elementary and Secondary Education Act of 1965 to direct the Secretary of Education to transfer funds from other programs to the Impact Aid program (which compensates local educational agencies (LEAs) for the financial burden of federal activities affecting their areas) to the extent such funds are needed to provide payments to LEAs under such program that equal at least the maximum amount for which they are eligible multiplied by the percentage of their land that is federally owned.…