LEA Level Maintenance of Equity Reporting Requirements
Summary
A transcript of a webinar titled LEA Level Maintenance of Equity Reporting Requirements, introduced by Lakesha McKenzie, with Sarah Laven Jones, the maintenance of equity policy lead in the Office of State and Grantee Relations, presenting. The presenter states that under section 2004(c) of the American Rescue Plan LEAs must maintain equity for their high poverty schools by ensuring no disproportionate reduction in combined state and local per-pupil funding and no disproportionate reduction in full-time equivalent staff per-pupil, and that the requirements apply to fiscal years 22 and 2023. It states that an LEA can be excepted if its total enrollment is less than 1,000 students, if it operates a single school, or if it demonstrates an exceptional or uncontrollable circumstance. A footer identifies the file as 060922-843399-DeptofEd-LEA-WrittenTranscript.
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Cite this document
“LEA Level Maintenance of Equity Reporting Requirements.”
Original at www.ed.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/ppr-int-a3df51c4e570d0ce-transcript-92f0dd2110-d76b4e2bee/
, SHA-256 24da9f76d23278f8952ba5c4672f05f58523acc997996e2ce648986420a83117.Full text
Speaker 1: Welcome, and thank you for joining today's conference LEA Level Maintenance
of Equity Reporting Requirements. Before we begin, please ensure you have
opened the WebEx chat panel by using the icon at the bottom right corner of
your screen. Note that all audio connections are muted to reduce background
noise. You may submit written questions throughout the presentation. These
will be addressed during the Q and A. To submit a written question, please
select all panelists from the dropdown menu in the chat panel, enter your
question in the message box provided and send. If you require technical
assistance, please send a chat to the event producer. And with that, I'll turn the
conference over to Lakesha McKenzie, team lead over technical assistance.
Please go ahead. And don't forget to unmute yourself.
Lakesha McKenzi...: Yes, thank you. Hello everyone, and good afternoon. It is a pleasure to be
greeting you all today. Thank you for joining our webinar. Today's webinar is
going to be on the LEA Level Maintenance of Equity Reporting Requirements to
assist you with your grant implementation. My colleague, Sarah Laven Jones, is
going to start the presentation off today. She is also the maintenance of equity
policy lead. Without further adieu and with which pleasure, I would like to turn
it over to Sarah. Sarah?
Sarah Laven Jon...: Thank you, Lakesha, and good afternoon, and good morning for folks who are
joining us in other time zones. I am Sarah Laven Jones. I am the maintenance of
equity policy lead. I work in the Office of State and Grantee Relations. I'm also
joined by some other colleagues who are going to be assisting today. Chris
Barlow, who's a program attorney, as well as Britt young, who is our program
leader in the Office of State and Grantee Relations.
Next slide, please. Today, we're going to be discussing the LEA Level
Maintenance of Equity Requirements. I'm going to start by providing an
overview of those requirements. I'm going to talk through the exception process
for LEAs, then I'm going to turn it over to my colleague, Chris, who's going to
walk you through what the requirements were and the notice of final
requirements that was published in the federal register yesterday. And then we
are going to finish it off with some questions from you all. Next slide, please.
As you all are aware, there are two types of maintenance of equity
requirements. There are requirements on state educational agencies and there
are requirements on local educational agencies. For the purpose of our
conversation today, we're going to be focusing on the LEA level maintenance of
equity requirements. Under section 2004(c) of the American Rescue Act, LEAs
must maintain equity for their high poverty schools in two ways, by ensuring,
one, that there's no disproportionate reduction in combined state and local per-
pupil funding compared to all schools served by the LEA in that fiscal year and
that there's no disproportionate reduction in the number of full-time equivalent
staff, or FTE per-pupil compared to all schools served by the LEA in that fiscal
year.
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These requirements apply to both fiscal years, '22 and 2023. In other words, the
school year that we're wrapping up right now and the school year that we'll
begin in September. LEAs may choose to evaluate whether they've maintained
fiscal and staffing equity by grade span or across the LEA as a whole. A high
poverty school, for the purposes of local maintenance of equity, is a school in
the highest quartile of schools served by the LEA based on the percentage of
economically disadvantaged students in the school. An LEA may determine its
high poverty schools on a district wide basis or by grade span. We encourage
you to check out frequently asked question number 25 for more information
about how an LEA would identify high poverty schools. Next slide, please.
The American Rescue Plan accepts an LEA from the local maintenance of equity
requirement for a number of reasons. An LEA can be accepted if it has a total
enrollment of less than 1,000 students, if it operates a single school, if the LEA
serves all students within each grade span with a single school, or it
demonstrates an exceptional or uncontrollable circumstance, such as a
predictable change in student enrollment or a precipitous decline in financial
resources in the LEA as determined by the secretary. In a moment, I'm going to
talk more about the process of seeking an exception and some examples of
what might constitute an exceptional or uncontrollable circumstance.
The secretary has determined that, in addition to these exceptions, if an LEA
does not have an aggregate reduction in combined state and local per-pupil
funding in fiscal year '22 compared to '21 or in fiscal year '23 compared to '22,
that LEA has demonstrated an exceptional or uncontrollable circumstance that
warrants an exception for maintaining equity for that fiscal year. In a moment,
I'm going to also talk about how to seek an exception and what the process
looks like for that. Next slide, please.
An exceptional or uncontrollable circumstance might include an increased one
time expenditure in the baseline school year, school year '22, '21, due to the
pandemic, a very small school where the maintenance of equity calculations do
not result in meaningful information about resource availability, or a significant
change in the expenses of a school that no longer serves a student whose
educational and support needs require services that have a particularly high
cost. Next slide, please.
If the LEA believes it qualifies for an exception due to an exceptional or
uncontrollable circumstance, the LEA must submit a written request for
exception to the department. And we ask that LEA do that through their state
mailbox. And we gave an example here of what that email address is. And we
ask that they copy the appropriate state educational agency official to ensure
that they're aware of this request.
When submitting this request, we ask that LEAs provide detailed information on
the exceptional or uncontrollable circumstance but also include how that
circumstance actually prevents the LEA from maintaining equity in its high
priority schools. At this point, the department has approved four exception
060922-843399-DeptofEd-LEA-WrittenTranscript Page 2 of 10
requests for fiscal year '22, and those four requests are made available on our
website. If you're interested in taking a look at those requests specifically, I
would invite you to click that link. We ask that LEAs submit these requests to the
department by July 8th in order to be on track with the LEA exception reporting
requirements that are outlined in the notice of final requirement. Next slide,
please.
As I mentioned before, an LEA may also be accepted from local maintenance of
equity if for the '21/'22 and/or the '22/'23 school years the LEA's is not facing
overall budget reductions. And there's more information on that in our FAQ
number 32. What we mean by not facing overall budget reductions is if an LEA
did not have an aggregate reduction in combined state and local per-pupil
funding in fiscal year '22 or '23, the department has determined that that in and
of itself is an exceptional or uncontrollable circumstance. If an LEA is seeking to
be accepted for this reason, we ask that they complete the certification of
exception, also known as appendix B, which can be located in the frequently
asked questions document. And we ask that they submit this certification to the
state, not to the department. Next slide, please. I am now going to turn things
over to my colleague, Chris Barlow, who's a program attorney, to walk you
through the requirements for publishing LEA level maintenance of equity data
that were established in the notice a final requirements. Thank you.
Chris Barlow: Thanks, Sarah. I'm now going to review the requirements that were just
published this week. This is new information that finalized some information
that we wanted all states to post regarding the LEA level maintenance of equity
data. As noted just yesterday in the federal register, the final requirements were
posted, and these requirements are for SEAs to publish certain information on a
website for fiscal year's '22 and '23. There are a number of different deadlines
depending on which fiscal year and which information is requested to be
posted.
The first deadline is the one we're going to focus the most today on, and that's
the July 8th deadline. By July 8th, we're asking SEAs to publish information on
the LEAs that are accepted in the state. We're also asking the SEAs to publish
information identifying high poverty schools for fiscal year 2022 and also a
description about how it is ensuring that each LEA that is not accepted from the
requirement is maintaining equity in its high poverty schools. I'll go into more
detail on the next few slides on this particular requirement.
By November 1st, 2022, we're asking for the SEAs to publish the information on
LEA exceptions and identifying its high poverty schools for fiscal year 2023. By
December of this year, we're asking SEAs to publish data on the LEAs that must
comply with the local maintenance of equity requirement for fiscal year '22. And
again, that's just going to be the data for those that are not accepted. And then
next year, next December, SEAs will have to publish the same data on those
LEAs that had to comply with the local maintenance of equity requirement for
fiscal year '23. Next slide, please.
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Okay, so first let's focus on the July 8th requirement. By July 8th, each SEA must
publish on its website. First, we want the SEA to describe the LEAs that are
accepted from the local maintenance of equity requirement for fiscal year '22.
Enlisting those LEAs, the SEA must identify why the LEAs were accepted by
indicating one of the following that Sarah just walked us through. The first batch
are the exceptions that are clearly in statute, that the LEA has less than 1,000
students, operates a single school, serves all students within each grade span
with a single school.
The second exception, as noted, was whether the LEA was accepted by the
department because of an exceptional or uncontrollable circumstances. These
are these facts specific exceptions that LEAs are sending to the department for
review and notifying its SEA. And then the third group are the appendix B
exceptions that Sarah just noted. These are the groups of LEAs that did not have
an aggregate reduction in combined state and local per-pupil funding, and those
LEAs are signing appendix B and sending it to the state. The state has to
essentially identify here are the LEAs that are accepted and which reason why
they are accepted. We're asking after you publish this information for you to
share the link of where it is published with your program officer via your state
mailbox. And there's an example below. Next slide, please.
Also on July 8th, we're asking each SEA to publish the identity of each high
poverty schools just for those LEAs that are not accepted from the local
maintenance of equity requirements in fiscal year '22. The first list is going to be
all your LEAs that are accepted, and then for those LEAs that are not accepted,
the first item is identify your high poverty schools.
The next item that's due by July 8th to be public is a description of how the SEA
will ensure that each LEA that is not accepted from the local requirements is
maintaining equity in its high poverty schools. This description should include
information on the SEA's process and when it will determine LEAs that are not
complying with it and the date that the SEA will require non-compliant LEAs to
describe what adjustments they'll make in order to be into compliance prior to
the next start of the next school year, a description of the efforts that SEAs are
taking in order to address the fact that the LEA was not in compliance in that
year. Again, after publication, we're asking you to share the link with your
program officer on where this information is available. Next slide, please.
When reviewing the comments that we received from the proposed
requirements, we heard from a few states that it would be helpful to have an
optional template or an example of how this data may be displayed on your
website. On this slide, it shows how a state could demonstrate, or the LEAs
accepted in its state. We're asking for the NCESID to be there, you could have
the LEA name, and then you could indicate which exception applies. This is just
one way that a state might choose to demonstrate this data. This is not the
required way to demonstrate the data, but we wanted to share one example.
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Again, a reminder that if all LEAs are accepted from the local maintenance of
effort requirement in fiscal year '22... Equity requirement. Excuse me, I work on
both. The SEA does not need to report its high poverty schools. We have heard
from a number of states that after doing these exceptions, there are very few
LEAs that must actually comply, and perhaps in some states where appendix B
applies to all LEAs in the state, maybe no LEA has to do local maintenance of
equity requirements for fiscal year '22. In that case, the SEA does not need to
report on the high poverty schools because all LEAs are accepted. Next slide,
please.
This slide reviews the data and information that we're asking SEAs to publish by
December of this year. Closer to that deadline we'll remind you and go into
more detail, but essentially for the LEAs that must comply with the local
maintenance of equity requirement for fiscal year '22, the SEA will publish
information demonstrating compliance. You'll see items one and two are about
the per-pupil amount of funding and the comparative amounts to demonstrate
maintenance of equity compliance. And items three and four are the per-pupil
FTE numbers, making those publicly available to demonstrate whether the LEA
maintained equity. And then item five is a clear indication of based on this data,
the LEAs in the state that were required to maintain equity did maintain equity,
or a statement that this data actually demonstrates that they did not maintain
equity. Again, if the LEAs are accepted from the local maintenance of equity
requirements, you do not need to report this information. An SEA must update
this information to include relevant fiscal year 2023 data by December 31st,
2023. This requirement will exist in December '22 for fiscal year '22 and in
December '23 for fiscal year '23. Next slide, please.
In the federal register notice, we encourage you to review our responses to
comments and the later sections after the data and information collection
requirements. In that notice, we indicate that, for the purpose of demonstrating
compliance with the local maintenance of equity requirements, an LEA may use
allocations or budget data or per-pupil expenditure data from title one part A
report cards. We heard from a number of LEAs in states that it would be helpful
to be able to demonstrate compliance using this existing data.
In deciding whether or not to use the per pupil expenditure data, an LEA may
review its prior year per-pupil expenditure data in order to inform its approach
to monitoring and assess the likelihood that there could be a maintenance of
equity violation. We acknowledge that if an LEA is using pre-pupil expenditures,
it will not know whether they did maintain equity until after a school year ends
and thus would not be able to remedy the violation in the school year that the
violation occurred. If the LEA does not maintain equity and cannot make
adjustments in that year, then the adjustments may be made in the next year to
ensure that the high poverty schools in that LEA are treated equitable. Next
slide, please. Oh, and now I'm passing off to Sarah for some announcements.
Sarah Laven Jon...: Thanks, Chris. Before we move to the question and answer section, just wanted
to bring a couple things to folks' attention. As you all know, states began
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submitting baseline and initial data for the state level maintenance of equity
requirements in fiscal year '22 last July. For fiscal year '23 data, the department
is going to keep the same timeline. Again, this is for state level maintenance of
equity reporting. States will be required to submit baseline and initial fiscal year
'23 data for the state level maintenance of equity requirements by July 29th. To
the extent that that fiscal year '23 funding data is not available, an SEA can
provide projected data or request an extension to provide the data that's not
currently available by October 14th, 2022.
I also wanted to bring to folks attention that we have been doing some fabulous
website remodeling for your viewing ease. One of the things that we've done is
to try and streamline deadlines and important announcements. The Office of
State and Grantee Relations has developed a deadlines and announcements
page, which is available in this link here, and that includes the deadlines related
to maintenance of equity reporting that we've discussed today. We also of
course have a page that is dedicated to maintenance of equity where you can
find all of our frequently asked questions, information about the notice of final
requirements. All things maintenance of equity is living in that link there. And
we also have a document that just walks through the local maintenance of
equity exception process. I understand that states are getting questions from
LEAs about how that process works, and so we encourage you to share that
document with LEAs because it's just targeted specifically on the exception and
process as opposed to the FAQs, which goes over the entirety of maintenance of
equity.
All right, with that if you could take up me to the next slide and I will begin to
answer some questions here. Thanks to folks for actively participating and
sending in your questions. First and foremost, I just want to let everyone know
that a copy of the PowerPoint presentation, a recording, as well as the slides will
be made available on the maintenance of equity webpage, so you will have a
copy of that for later. We just need a couple days to turn it around and then you
should see it up there on the website.
We have received a couple questions about extension, so thank you for asking
about that. The process of seeking an extension to the reporting deadlines that
were outlined in the notice of final requirement is the same for states and
districts, we just ask that states reach out via their state mailbox, which is,
again, the name of the state .oese@ed.gov. And when you're asking for an
extension, if you can just give us a little bit of context about the timeframe
that's needed and why, and specifically provide a date by which we can
anticipate your data.
Christina asked, "How will this publication..." And I'm assuming she means the
publication of data related to LEA level maintenance of equity, "differ from
what's already published on the US Department of Education's website for each
state. What's currently on our website is the state level maintenance of equity
data. The idea is that states will publish LEA level maintenance of equity data on
their own website so that stakeholders, families, people who are interested in
060922-843399-DeptofEd-LEA-WrittenTranscript Page 6 of 10
this information will have access to it on the state site. And we at the
department will also update our webpage to provide the links that states are
sending. Eventually, the LEA level data will also end up on the department's
website. Just looking through here to our next question.
Chris Barlow: I can answer one in the meantime, Sarah.
Sarah Laven Jon...: Thank you.
Chris Barlow: We had a question about the LEA exceptions and the statutory exceptions
regarding less than 1,000 students or serving a single grade span. Those are
ours, so as long as an LEA meets one of those statutory exceptions, then it is
accepted from the local maintenance of equity requirements. It is not required
to meet each of those exceptions. So long as one of those exceptions on the
slide applies, that LEA does not need to maintain local equity for that year.
Sarah Laven Jon...: Thanks, Chris. Peter asked, "The department establishes the following
requirements for this program. We may apply these requirements in any year in
which the program is in effect. Can you clarify what this means? Does it mean
that ed intends to extend the maintenance of equity requirements beyond '22
and '23?" Thank you for that question. No, the American Rescue Plan
maintenance of equity requirement only applies to fiscal years '22 and '23.
Jumping down here, I see a question from Ann Butterworth: "What should we
do if we submitted an LEA exception request to our state mailbox in January and
have not heard back?" First of all, I apologize for that. If you can just resubmit or
chat me privately and just let me know what state you're coming from so I can
take a look out for that. Let's do that, and I'll make sure that we can get you a
response.
Chris Barlow: Sarah, we've had a few questions from a couple of folks about if an LEA does not
maintain equity in one year, what does it mean? What are the implications for
adjustments in the next year? And I would say this is a situation where we want
to gather the information first and then it'll be based on... We would expect that
there would be adjustments made to be in compliance in the next year. There is
also a requirement for that LEA to maintain equity in fiscal year '23, so this will
be lots of facts and different situations going on, and so I think as those
situations occur, we are happy to work with SEAs and have discussions about
what things look like and targeted conversations.
Sarah Laven Jon...: Thanks, Chris. I'm just going to give folks a couple more minutes to add
questions into the chat here. I see a question from Luke Bori: "Is there a chance
that the maintenance of equity requirement or something similar will become
embedded in other legislation?" I would say talk to your member of Congress
about that.
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Chris Barlow: I see we have another question about the responsibility of states to have to
monitor on the appendix fee. I would say that we generally just encourage
states to use its normal and routine monitoring and oversight practices that it
would for such similar type federal grant programs. Whatever your practices are
regarding that, we would just encourage you to use that fold it into your
monitoring and oversight.
Sarah Laven Jon...: Just want to say very quickly, Ann, I saw your message and I will be on the
lookout for that, so thank you. Chris, Linda asked, "If all LEAs are accepted from
the local maintenance equity reporting requirements, does the SEA still need to
publish a description of how they will ensure that LEAs meet the maintenance of
equity requirements?" Linda, I think that it would be helpful to publish a
description that explains that all LEAs are accepted just to make sure that for
stakeholders and families they understand that that is the dynamic that's taking
place. I think that could substitute for that description.
Chris Barlow: I agree. And I think just providing clarity of the efforts the state's making
regarding ensuring compliance with it. In this instance, the fact that for fiscal
year '22, the state is aware that nobody... that all LAES are accepted, that that's
the action. In fiscal year '23, things may look different.
Sarah Laven Jon...: Just going to pause for a second and give folks more time to put questions in the
chat. Thanks, everybody. Sorry, I'm seeing again the question that if all LEAs are
accepted, does the state still need to publish a description of how they will
ensure that LEAs are meeting the maintenance of equity requirements? And
what Chris and I had described is we will still ask that the state provides a
description, but the description should explain why all LEAs are accepted and
that because they are accepted, the state doesn't have to report on local
maintenance equity data.
I see a question from Danielle that their LEA has been attempting to work with
the SEA and haven't been successful in asking if we can share a list of SEA reps. I
don't know that we have a list of reps for all states, but if you can reach out to
your state mailbox directly and re-explain your question, and just if you could
chat me privately and let me know what state you're coming from, then I'll take
a look out for that and make sure you're connected with the right person.
Chris Barlow: And I'll also note that we seem to have gotten a couple of questions that are
state specific detailed, and as usual with this cases, we'll do a follow up given
the specific state circumstances in helping respond to that. Just want to
acknowledge that we did receive a couple of questions that probably have some
state specific context.
Sarah Laven Jon...: Sorry guys, just taking a moment here to see what we've missed. All right, it
looks like we have a question from James: "How should an SEA indicate that an
LEA is new for fiscal year '22?" I'm assuming that this is a school district that did
not exist last school year. And James notes that there's no basis for comparison
in fiscal year '22 to do a maintenance of equity comparison. Thanks for bringing
060922-843399-DeptofEd-LEA-WrittenTranscript Page 8 of 10
that up. If there is no basis for comparison, in other words, if a school is new for
the first time in fiscal year '22... Excuse me. If a school district is new for the first
time in fiscal year '22, the state should not select that school district as one of
their high need, high poverty schools for fiscal year '22. However, if in fiscal year
'23 they fall within the list of high poverty schools and now there is a basis to
compare between '23 and '22, the state should obviously select the school for
'23. But in the case of a new school district, or also for an LEA that has a new
school, if there's no basis for comparison because that school or that district
didn't exist in the previous year, then the state or the LEA should just not select
either that LEA or that building as one of their either high poverty schools or
highest poverty, high need LEAs.
Casey asked, "Can you clarify the very small enrollment LEA procedure. If an LEA
has very small enrollment such that enrollment changes, cause them to
decrease per people amount year over year, does that require an exception
request?" Chris, do you want to take that one? I guess the first thing I would
say, Casey, is that I would encourage that district to see if they fall under one of
the exceptions because of their size if they have less than 1,000 students, if they
serve all students within the same grade span. If that's not the case, I would
then encourage the LEA to look at whether there has been aggregate reductions
in per-pupil funding in this school year compared to last school year. If there has
not, then the school district can sign appendix B and be accepted.
If you've gone through those two tests, the third test would be to seek an
exception with the department. We would ask that the school district describe
what the exceptional or uncontrollable circumstance is. In this example that you
provide,. It sounds like you're saying the fact that enrollment is so small that
that's impacting decreases in per-pupil amounts year over year. But what's
important is to include in the description why the circumstance you described,
in other words small enrollment, is actually leading to disproportionate
decreases in your high poverty schools. Because when we talk about
maintenance of equity, what we're focusing on are disproportionate decreases
in high poverty schools, so it's important to make that connection for us when
you're submitting an exception request to the department.
Chris Barlow: Yeah, the only thing I'd add is on that note there was a slide that Sarah went
through that gave examples of the types of things the department has accepted.
And then on our website, we've posted the ones that we've already approved,
so it might be worth looking at the ones that are the descriptions that are out
there. We tried to provide those as a model. But the more information you can
give us the better.
Sarah Laven Jon...: Okay, we had a question from Phyllis: "Does an Excel file meet the machine
readable and accessible requirement?" Generally, yes, if the Excel file meets the
accessibility requirements per the built in accessibility checker in Excel. We
would ask you to use that.
060922-843399-DeptofEd-LEA-WrittenTranscript Page 9 of 10
Chris Barlow: We've also gotten one question about being uncertain who their state contact
is, LEAs who their state contact is that works on this issue. We've had lots of
emails and conversations with different state persons, so if you're uncertain
about that you can email your state mailbox and we'll let you know who the
person is that we've been coordinating with.
Sarah Laven Jon...: There was a piggyback question off of the example where a school district
closed. It looks like Luke is just clarifying how would you document that? I guess
this could apply to both state level maintenance of equity or LEA level
maintenance of equity, but if you can just indicate somewhere in the Excel
document this school was not selected even though it falls within the high
poverty category because there's no basis for comparison, that would be fine.
Chris Barlow: Yeah. I agree that just whatever your routine practice is to document, it's good
to just make a note to file if it's a list of here are LEAs that closed, and so we
couldn't do a comparison. Or if you're an LEA, here are the schools so that we
couldn't compare; just a note to file indicating that.
Sarah Laven Jon...: Lots of great questions, folks. I just wanted to let everybody know we've been
talking a lot about the state mailboxes, which is something I know that state
educational agencies are far too familiar with, but if we have any LEAs that are
joining us, we're going to go ahead and put in the chat just a reminder of what
that email is so that folks know where to direct their questions.
It looks like questions are slowing down. I'm happy to give folks a couple more
time to add in questions. Ann noted that she was unable to open the approved
exceptions on the website and asked if we could share the link in the chat. Ann,
those documents, those links are to an actual document, so let me just huddle
up with our web team folks and make sure that those links work.
And Julia, thank you for noting that the website says June 30th. The correct day
is July 8th. We wanted to make sure that we gave states and LEAs 30 days
following publication in the federal register. And so since it published yesterday,
that puts us to July 8th, so thank you for clarifying that.
All right, well it seems like questions have slowed down. I just want to thank
everybody for joining us, for actively participating and raising questions. We
appreciate and understand that this requirement is going to require
coordination between states and LEAs. And to the extent that we can be helpful
with that, we ask you to continue to reach out, and so we can continue to
support you with this. But we just appreciate all your time and efforts and your
ongoing commitment to maintaining equity with these provisions. Thank you.
Speaker 1: Ladies and gentlemen, thank you for joining today's conference, and thank you
for using Event Services. Your conference has ended and you may disconnect.
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