Amend section 7014 of the Elementary and Secondary Education Act of 1965 to advance toward full Federal funding for impact aid, and for other purposes.

Summary

Authorizes specific annual federal funding for fiscal years 2026 through 2031 for four categories of Federal Impact Aid: (1) federal acquisition of real property, (2) basic and heavily impacted local educational agency payments, (3) payments for children with disabilities, and (4) construction. Each category receives year-by-year dollar authorizations that rise each fiscal year through FY2031. The bill sets exact dollar amounts for each category for FY2026–FY2031 but does not itself appropriate the funds; Congress would still need to provide the money through the appropriations process for the amounts to be spent.

• Sets specific authorized funding amounts for four Federal Impact Aid categories for FY2026–FY2031.
• Authorizes steadily increasing funding each year across all four categories through FY2031.
• Largest category funded is basic and heavily impacted LEA payments (starts at $1.632B in FY2026 and rises to $2.454B in FY2031).
• Includes targeted funding for children with disabilities and for construction tied to impact aid.
• Authorization does not itself appropriate funds; Congress must appropriate these amounts for them to be spent.
• Does not create new programs or add regulatory mandates for states or local districts.
• Helps districts serving students affected by federal activities plan for multi-year funding levels if appropriated.