A bill to establish a program of Federal grants to assist local educational agencies to establish and provide for a school year of not less than 240 days and to establish Federal grants to recognize achievement in education by local educational agencies.

Directs the Secretary of Education to establish a program of grants to assist local educational agencies (LEAs) to establish and provide for a school year of not less than 240 days. Directs the Secretary, in considering LEA applications, to ensure an equitable distribution of such assistance among LEAs in urban, rural, and suburban areas. Authorizes appropriations.

Directs the Secretary to establish a program of grants to LEAs whose students perform above the national average on national educational competency and achievement examinations. Directs the Secretary, in considering LEA applications, to ensure an equitable distribution of such assistance among LEAs in urban, rural, and suburban areas. Authorizes appropriations.