 CHAPTER 70--STRENGTHENING AND IMPROVEMENT OF ELEMENTARY AND SECONDARY 
                                 SCHOOLS
 
                     SUBCHAPTER V--PROMOTING EQUITY
 
                    Part A--Magnet Schools Assistance
 
Sec. 7210. Limitations


(a) Duration of awards

    A grant under this part shall be awarded for a period that shall not 
exceed three fiscal years.

(b) Limitation on planning funds

    A local educational agency may expend for planning not more than 50 
percent of the funds received under this part for the first year of the 
project, 15 percent of such funds for the second such year, and 10 
percent of such funds for the third such year.

(c) Amount

    No local educational agency or consortium awarded a grant under this 
part shall receive more than $4,000,000 under this part in any one 
fiscal year.

(d) Timing

    To the extent practicable, the Secretary shall award grants for any 
fiscal year under this part not later than June 1 of the applicable 
fiscal year.

(Pub. L. 89-10, title V, Sec. 5110, as added Pub. L. 103-382, title I, 
Sec. 101, Oct. 20, 1994, 108 Stat. 3694.)
