Targeted Grant funds were allocated using the Basic 
Grant formula with no weighting system at all. 
‘‘(10) Congress has a responsibility to correct 
this unintended inequity by reducing the power of 
the number weighting system relative to the percent-
age weighting system so that local educational agen-
cies with high percentages of poverty but low num-
bers of students are not disadvantaged under the 
formulas used for grants under this part.’’. 
SEC. 3. TARGETED GRANTS TO LOCAL EDUCATIONAL 
AGENCIES. 
Section 1125(c)(2) of the Elementary and Secondary 
Education Act of 1965 (20 U.S.C. 6335(c)(2)) is amend-
ed— 
(1) in subparagraph (C), by striking ‘‘The 
amount’’ and inserting ‘‘Except as otherwise pro-
vided in subparagraph (D), the amount’’; 
(2) by redesignating subparagraph (D) as sub-
paragraph (E); and 
(3) by inserting after subparagraph (C) the fol-
lowing: 
‘‘(D) FISCAL YEAR 2016 AND EACH SUC-
CEEDING FISCAL YEAR.—Notwithstanding sub-
paragraph (C) or any other provision of this 
paragraph— 
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‘‘(i) for fiscal year 2016, subpara-
graph (C) shall be applied— 
‘‘(I) in clause (ii), by substituting 
‘1.35’ for ‘1.5’; 
‘‘(II) in clause (iii), by sub-
stituting ‘1.8’ for ‘2.0’; 
‘‘(III) in clause (iv), by sub-
stituting ‘2.25’ for ‘2.5’; and 
‘‘(IV) in clause (v), by sub-
stituting ‘2.7’ for ‘3.0’; 
‘‘(ii) for fiscal year 2017, subpara-
graph (C) shall be applied— 
‘‘(I) in clause (ii), by substituting 
‘1.2’ for ‘1.5’; 
‘‘(II) in clause (iii), by sub-
stituting ‘1.6’ for ‘2.0’; 
‘‘(III) in clause (iv), by sub-
stituting ‘2.0’ for ‘2.5’; and 
‘‘(IV) in clause (v), by sub-
stituting ‘2.4’ for ‘3.0’; 
‘‘(iii) for fiscal year 2018, subpara-
graph (C) shall be applied— 
‘‘(I) in clause (ii), by substituting 
‘1.05’ for ‘1.5’; 
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‘‘(II) in clause (iii), by sub-
stituting ‘1.4’ for ‘2.0’; 
‘‘(III) in clause (iv), by sub-
stituting ‘1.75’ for ‘2.5’; and 
‘‘(IV) in clause (v), by sub-
stituting ‘2.1’ for ‘3.0’; and 
‘‘(iv) for fiscal year 2019 and each 
succeeding fiscal year, subparagraph (C) 
shall be applied— 
‘‘(I) in clause (i), by substituting 
‘2,262’ for ‘691’; 
‘‘(II) by striking clause (ii); 
‘‘(III) in clause (iii), by sub-
stituting ‘1.2’ for ‘2.0’; 
‘‘(IV) in clause (iv), by sub-
stituting ‘1.5’ for ‘2.5’; and 
‘‘(V) in clause (v), by sub-
stituting ‘1.8’ for ‘3.0’.’’. 
SEC. 4. EDUCATION FINANCE INCENTIVE GRANT PROGRAM. 
(a) STATES WITH AN EQUITY FACTOR LESS THAN 
0.10.—Section 1125A(d)(1)(B) of the Elementary and 
Secondary 
Education 
Act 
of 
1965 
(20 
U.S.C. 
6337(d)(1)(B)) is amended— 
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(1) in clause (iii), by striking ‘‘The amount’’ 
and inserting ‘‘Except as otherwise provided in 
clause (iv), the amount’’; and 
(2) by adding at the end the following: 
‘‘(iv) FISCAL
YEAR
2016
AND
EACH 
SUCCEEDING
FISCAL
YEAR.—Notwith-
standing clause (iii) or any other provision 
of this subparagraph— 
‘‘(I) for fiscal year 2016, clause 
(iii) shall be applied— 
‘‘(aa) in subclause (II), by 
substituting ‘1.35’ for ‘1.5’; 
‘‘(bb) in subclause (III), by 
substituting ‘1.8’ for ‘2.0’; 
‘‘(cc) in subclause (IV), by 
substituting ‘2.25’ for ‘2.5’; and 
‘‘(dd) in subclause (V), by 
substituting ‘2.7’ for ‘3.0’; 
‘‘(II) for fiscal year 2017, clause 
(iii) shall be applied— 
‘‘(aa) in subclause (II), by 
substituting ‘1.2’ for ‘1.5’; 
‘‘(bb) in subclause (III), by 
substituting ‘1.6’ for ‘2.0’; 
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‘‘(cc) in subclause (IV), by 
substituting ‘2.0’ for ‘2.5’; and 
‘‘(dd) in subclause (V), by 
substituting ‘2.4’ for ‘3.0’; 
‘‘(III) for fiscal year 2018, clause 
(iii) shall be applied— 
‘‘(aa) in subclause (II), by 
substituting ‘1.05’ for ‘1.5’; 
‘‘(bb) in subclause (III), by 
substituting ‘1.4’ for ‘2.0’; 
‘‘(cc) in subclause (IV), by 
substituting ‘1.75’ for ‘2.5’; and 
‘‘(dd) in subclause (V), by 
substituting ‘2.1’ for ‘3.0’; and 
‘‘(IV) for fiscal year 2019 and 
each succeeding fiscal year, clause (iii) 
shall be applied— 
‘‘(aa) in subclause (II), by 
substituting ‘1.0’ for ‘1.5’; 
‘‘(bb) in subclause (III), by 
substituting ‘1.2’ for ‘2.0’; 
‘‘(cc) in subclause (IV), by 
substituting ‘1.5’ for ‘2.5’; and 
‘‘(dd) in subclause (V), by 
substituting ‘1.8’ for ‘3.0’.’’. 
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(b) STATES WITH AN EQUITY FACTOR GREATER 
THAN OR EQUAL TO 0.10 AND LESS THAN 0.20.—Section 
1125A(d)(2)(B) of the Elementary and Secondary Edu-
cation Act of 1965 (20 U.S.C. 6337(d)(2)(B)) is amend-
ed— 
(1) in clause (iii), by striking ‘‘The amount’’ 
and inserting ‘‘Except as otherwise provided in 
clause (iv), the amount’’; and 
(2) by adding at the end the following: 
‘‘(iv) FISCAL
YEAR
2016
AND
EACH 
SUCCEEDING
FISCAL
YEAR.—Notwith-
standing clause (iii) or any other provision 
of this subparagraph— 
‘‘(I) for fiscal year 2016, clause 
(iii) shall be applied— 
‘‘(aa) in subclause (II), by 
substituting ‘1.35’ for ‘1.5’; 
‘‘(bb) in subclause (III), by 
substituting ‘2.025’ for ‘2.25’; 
‘‘(cc) in subclause (IV), by 
substituting ‘3.038’ for ‘3.375’; 
and 
‘‘(dd) in subclause (V), by 
substituting ‘4.05’ for ‘4.5’; 
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‘‘(II) for fiscal year 2017, clause 
(iii) shall be applied— 
‘‘(aa) in subclause (II), by 
substituting ‘1.2’ for ‘1.5’; 
‘‘(bb) in subclause (III), by 
substituting ‘1.8’ for ‘2.25’; 
‘‘(cc) in subclause (IV), by 
substituting ‘2.7’ for ‘3.375’; and 
‘‘(dd) in subclause (V), by 
substituting ‘3.6’ for ‘4.5’; 
‘‘(III) for fiscal year 2018, clause 
(iii) shall be applied— 
‘‘(aa) in subclause (II), by 
substituting ‘1.05’ for ‘1.5’; 
‘‘(bb) in subclause (III), by 
substituting ‘1.575’ for ‘2.25’; 
‘‘(cc) in subclause (IV), by 
substituting ‘2.363’ for ‘3.375’; 
and 
‘‘(dd) in subclause (V), by 
substituting ‘3.15’ for ‘4.5’; and 
‘‘(IV) for fiscal year 2019 and 
each succeeding fiscal year, clause (iii) 
shall be applied— 
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‘‘(aa) in subclause (II), by 
substituting ‘1.0’ for ‘1.5’; 
‘‘(bb) in subclause (III), by 
substituting ‘1.35’ for ‘2.25’; 
‘‘(cc) in subclause (IV), by 
substituting ‘2.025’ for ‘3.375’; 
and 
‘‘(dd) in subclause (V), by 
substituting ‘2.70’ for ‘4.5’.’’. 
(c) STATES WITH AN EQUITY FACTOR GREATER 
THAN OR EQUAL TO 0.20.—Section 1125A(d)(3)(B) of 
the Elementary and Secondary Education Act of 1965 (20 
U.S.C. 6337(d)(3)(B)) is amended— 
(1) in clause (iii), by striking ‘‘The amount’’ 
and inserting ‘‘Except as otherwise provided in 
clause (iv), the amount’’; and 
(2) by adding at the end the following: 
‘‘(iv) FISCAL
YEAR
2016
AND
EACH 
SUCCEEDING
FISCAL
YEAR.—Notwith-
standing clause (iii) or any other provision 
of this subparagraph— 
‘‘(I) for fiscal year 2016, clause 
(iii) shall be applied— 
‘‘(aa) in subclause (II), by 
substituting ‘1.80’ for ‘2.0’; 
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‘‘(bb) in subclause (III), by 
substituting ‘2.70’ for ‘3.0’; 
‘‘(cc) in subclause (IV), by 
substituting ‘4.05’ for ‘4.5’; and 
‘‘(dd) in subclause (V), by 
substituting ‘5.4’ for ‘6.0’; 
‘‘(II) for fiscal year 2017, clause 
(iii) shall be applied— 
‘‘(aa) in subclause (II), by 
substituting ‘1.6’ for ‘2.0’; 
‘‘(bb) in subclause (III), by 
substituting ‘2.4’ for ‘3.0’; 
‘‘(cc) in subclause (IV), by 
substituting ‘3.6’ for ‘4.5’; and 
‘‘(dd) in subclause (V), by 
substituting ‘4.8’ for ‘6.0’; 
‘‘(III) for fiscal year 2018, clause 
(iii) shall be applied— 
‘‘(aa) in subclause (II), by 
substituting ‘1.4’ for ‘2.0’; 
‘‘(bb) in subclause (III), by 
substituting ‘2.1’ for ‘3.0’; 
‘‘(cc) in subclause (IV), by 
substituting ‘3.15’ for ‘4.5’; and 
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‘‘(dd) in subclause (V), by 
substituting ‘4.2’ for ‘6.0’; and 
‘‘(IV) for fiscal year 2019 and 
each succeeding fiscal year, clause (iii) 
shall be applied— 
‘‘(aa) in subclause (II), by 
substituting ‘1.2’ for ‘2.0’; 
‘‘(bb) in subclause (III), by 
substituting ‘1.8’ for ‘3.0’; 
‘‘(cc) in subclause (IV), by 
substituting ‘2.7’ for ‘4.5’; and 
‘‘(dd) in subclause (V), by 
substituting ‘3.6’ for ‘6.0’.’’. 
Æ 
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