II 109th CONGRESS 2d Session S. 3530 IN THE SENATE OF THE UNITED STATES June 15, 2006 Mrs. Clinton (for herself and Mr. Schumer) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions A BILL To revise the limitation on Impact Aid special payments.

1.

Short title

This Act may be cited as the Impact Aid Update Act of 2006.

2.

Limitation on Impact Aid special payments

(a)

In general

Section 8002 of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 7702) is amended in subsection (i)(1)— (1)by striking 1997 and inserting 2003; and (2)by striking 1996) and inserting 2002). (b)

Retroactive applicability

The amendments made by this section apply retroactively to all of fiscal year 2006.