Federal Elementary and Secondary School Assistance Act

[AI summary unavailable — showing source text] Federal Elementary and Secondary School Assistance Act - Makes it the purpose of this Act to assume the obligation to provide financial assistance to the States amounting to one-third of their costs of providing public elementary and secondary education. Sets forth a schedule for determining amounts of grants to the States under this Act. Sets requirements to be met by the States in seeking entitlement for grants under this Act. Provides for the distribution of funds within the States receiving grants. Authorizes the appropriation of necessary sums for grants commencing with the fiscal year 1977. Defines the terms used in this Act.…