What other requirements must a local educational agency meet to be eligible for financial assistance under section 8003(b)(2)?

§ 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))