reducing percentage increase required for eligibility and lengthening increase period to four years

reducing percentage increase required for eligibility and lengthening increase period to four years Sec. 222. (a) Section 5(c) of the Act of September 23, 1950, is amended by striking out “at least 5 per centum” and inserting in lieu thereof “at least 6 per centum”. (b) Section 15(6) of such Act is amended by striking out “base year” and inserting in lieu thereof “second year of the four year increase period”. (c) Section 15(15) of such Act is amended (1) by inserting “third or fourth” immediately before the phrase “regular school year” the first time that phrase occurs in the subsection, (2) by striking out 80 Stat. 1214“1963–1964” and inserting in lieu thereof “1962–1963”, and (3) by striking out “or the regular school year preceding such school year”. (d) Section 15(16) of such Act is amended by striking out “two” and inserting “four” in lieu thereof. (e) Section 5(f) of such Act is amended to read as follows: “(f) In determining under this section the total of the payments which may be made to a local educational agency on the basis of any application, the total number of children counted for purposes of paragraph (1), (2), or (3), as the case may be, of subsection (a) may not exceed— “(1) the number of children whose membership at the close of the increase period for the application is compared with membership in the base period for purposes of that paragraph, minus “(2) the number of such children whose membership at the close of the increase period was compared with membership in the base year for purposes of such paragraph under the last previous application, if any, of the agency on the basis of which any payment has been or may be made to that agency.”