States' Education Reclamation Act of 2015
This bill abolishes the Department of Education (ED) and repeals any program for which it or the Secretary of Education has administrative responsibility.
The Department of the Treasury (Treasury) shall provide grants to states, for FY2016-FY2024, for any: (1) elementary and secondary education purpose permitted by state law, and (2) postsecondary education purpose permitted by state law. The level of funding is set at the amount provided to states for federal elementary and secondary education programs and the amount provided for federal postsecondary education programs, respectively, for FY2012, minus the funding they were provided for education programs that this Act transfers to other federal agencies.
States must contract for an annual audit of their expenditures or transfers of grant funds.
Program administrative responsibility and delegation of authority are transferred as follows: