Better Schools Act

[AI summary unavailable — showing source text] Better Schools Act - States that it is the purpose of this Act to consolidate specified current programs of Federal assistance to elementary or secondary education into a system of Federal revenue sharing for education designed to assist in meeting the needs of State and local school systems. Provides that allotments to a State and payments to the Secretary of Interior under this Act from appropriations for a fiscal year shall remain available for obligation and expenditure until the close of the next fiscal year. Provides that from the sums appropriated for carrying out this Act for any fiscal year the Secretary of Health, Education, and Welfare shall allot to each State an amount equal to 60 percent of the average per pupil expenditure in such State multiplied by the number of children in average daily attendance in the public elementary or secondary schools of such State during such year who resided on Federal property. States that the amount so allotted shall be available for any educational purpose. Provides specified formulae to be used in determining the above sums. Provides that each State shall pay to each of its local educational agencies for a fiscal year an amount equal…