Impact Aid Authorization Act of 1984 - Amends the Omnibus Budget Reconciliation Act of 1981 to authorize appropriations through FY 1989 for the impact aid program for federally affected schools.
Increases the authority for reimbursements to eligible local educational agencies for revenues lost from federally owned, nontaxable property.
Requires the Secretary of Education, not later than November 15, of each year, to publish the percentage change in the price index published for October of the preceding fiscal year and October of the fiscal year in which such publication is made. Bases the amount authorized for such impact aid programs on such percentage change. Limits such percentage change to no more than five percent.
Repeals the three-year phaseout of impact aid to federally affected schools whose students' parents either live or work on Federal property. Authorizes appropriations for such impact aid through FY 1989.
Introduced in Senate
Read twice and referred to the Committee on Labor and Human Resources.
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