state approving agency reimbursement and report

state approving agency reimbursement and report Sec. 303. Section 1774 of title 38, United States Code, is amended by— (1) amending subsection (b) to read as follows: “(b) The allowance for administrative expenses incurred pursuant to subsection (a) of this section shall be paid in accordance with the following formula: “Total salary cost reimbursable under this section Allowable for administrative expense $5,000 or less $630. Over $5,000 but not exceeding $10,000 $1,134. Over $10,000 but not exceeding $35,000 $1,134 for the first $10,000 plus $1,050 for each additional $5,000 or fraction thereof. Over $35,000 but not exceeding $40,000 $6,862. Over $40,000 but not exceeding $75,000 $6,862 for the first $40,000 plus $908 for each additional $5,000 or fraction thereof. Over $75,000 but not exceeding $80,000 $13,608. Over $80,000 $13,608 for the first $80,000 plus $793 for each additional $5,000 or fraction thereof.”; and (2) inserting at the end thereof the following new subsection: “(c) Each State and local agency with which the Administrator contracts or enters into an agreement under subsection (a) of this section shall report to the Administrator on September 30, 1978, and periodically, but not less often than annually, thereafter, as determined by the Administrator, on the activities in the preceding twelve months (or the period which has elapsed since the last report under this subsection was submitted) carried out under such contract or agreement. Each such report shall describe, in such detail as the Administrator shall prescribe, services performed and determinations made in connection with ascertaining the qualifications of educational institutions in connection with this chapter and chapters 32, 34, and 35 of this title and in supervising such institutions.