(a) Basic grants. An LEA is eligible for a basic grant if the number of formula children is -
(1) At least 10; and
(2) Greater than two percent of the LEA's total population ages 5 to 17 years, inclusive.
(b) Concentration grants. An LEA is eligible for a concentration grant if -
(1) The LEA is eligible for a basic grant under paragraph (a) of this section; and
(2) The number of formula children exceeds -
(i) 6,500; or
(ii) 15 percent of the LEA's total population ages 5 to 17 years, inclusive.
(c) Targeted grants. An LEA is eligible for a targeted grant if the number of formula children is -
(1) At least 10; and
(2) At least five percent of the LEA's total population ages 5 to 17 years, inclusive.
(d) Education finance incentive grants. An LEA is eligible for an education finance incentive grant if the number of formula children is -
(1) At least 10; and
(2) At least five percent of the LEA's total population ages 5 to 17 years, inclusive.
[82 FR 31710, July 7, 2017]