To ensure that the total amount of funds awarded to a State under part A of title I of the Elementary and Secondary Education Act of 1965 for each of fiscal years 2005 and 2006 is not less than the total amount of funds awarded to the State under such part for fiscal year 2003.

Requires the total amount of funds awarded to a State under part A (Improving Basic Programs Operated by Local Educational Agencies) of title I (Improving the Academic Achievement of the Disadvantaged) of the Elementary and Secondary Education Act of 1965 for each of FY 2005 and 2006 to be not less than the total amount of funds awarded to the State under part A for FY 2003. Directs the Secretary of Education to pay a supplementary amount to any State that did not receive such required minimum hold-harmless amount in FY 2005.