Section 222.65 - What other requirements must a local educational agency meet to be eligible for financial assistance under section 8003(b)(2)?Subject to § 222.66 , an LEA described in § 222.63 or § 222.64 is eligible for financial assistance under section 8003(b)(2) if the Secretary determines that the LEA meets the following requirements:
(a) The LEA timely applies for assistance under section 8003(b)(2) and meets all of the other application and eligibility requirements of subparts A and C of these regulations.(b) Except for an LEA described in § 222.63(a) or (d) , or § 222.64(b) or (c) , the LEA meets the applicable tax rate requirement in accordance with the procedures and requirements of §§ 222.68 through 222.74 . Authority: 20 U.S.C. 7703(b)(2)