Public and Private Education Assistance Act of 1979

[AI summary unavailable — showing source text] Public and Private Education Assistance Act of 1979 - Title I: Payments to States for Public Elementary and Secondary Education - Directs the Secretary of Health, Education, and Welfare to make payments from the Public Education Trust Fund, established by this Act, to each State for use as public education equalization expenditures. Defines public education equalization expenditures as payments made by a State under a program for the purpose of equalizing educational opportunities of public school students in the State. Entitles each State to receive from the Trust Fund amounts equal to expenditures made by such State for the equalization of public education, except: (1) if the total payments required to be made from the Trust Fund exceed the appropriated amount, the amount of payments to be received by each State shall be reduced proportionately; and (2) a State's payment may not exceed ten percent of the total non-Federal funds spent by the State on public elementary and secondary education. Appropriates $2,250,000,000 for the fiscal year beginning October 1, 1979, and $2,250,000,000 for each year thereafter for deposit in the Trust Fund. Requires each State to comply with standa…