A bill to provide block grant options for certain education funding.

Directs each State to notify the Secretary of Education regarding its election to receive its portion of certain education funding according to: (1) a State block grant option, through a State allotment based on State population of individuals aged five through 17; (2) a local block grant option, with the Secretary sending the funding directly to local educational agencies (LEAs) in the State through a local allotment based on school district population of individuals aged five through 17; or (3) a Federal statute option, based on a certain State and local allotment process and formula.

Applies such block grant options to all funds appropriated for the Department of Education for FY 2000 or any succeeding fiscal year to carry out programs or activities under: (1) the Goals 2000: Educate America Act (other than titles I and X); (2) the Elementary and Secondary Education Act of 1965 (other than titles VIII, IX, and XIV); (3) the School-to-Work Opportunities Act of 1994; and (4) the Carl D. Perkins Vocational and Applied Technology Education Act.

Allows States and LEAs to reserve certain portions of their allotments for specified administrative and other activities.