U.S. Code > Title 20 Education > CHAPTER 70—STRENGTHENING AND IMPROVEMENT OF ELEMENTARY AND SECONDARY SCHOOLS (§§ 6301—8961,_8962) > SUBCHAPTER V—PROMOTING INFORMED PARENTAL CHOICE AND INNOVATIVE PROGRAMS (§§ 7201—7283g) > Part D—Fund for the Improvement of Education (§§ 7241—7283g) > subpart 13—excellence in economic education (§§ 7267—7267f) > § 7267d. Requirements

§ 7267d. Requirements

(a) Administrative costs
The grantee and each recipient receiving a subgrant under this subpart for a fiscal year may use not more than 5 percent of the funds made available through the grant or subgrant for administrative costs.
(b) Teacher training programs
In carrying out the teacher training programs described in section 7267b (b)(2)(A) of this title, a recipient shall—
(1) train teachers who teach a grade from kindergarten through grade 12; and
(2) encourage teachers from disciplines other than economics and financial literacy to participate in such teacher training programs, if the training will promote the economic and financial literacy of those teachers’ students.
(c) Involvement of business community
In carrying out the activities assisted under this subpart, the grantee and recipients are strongly encouraged to—
(1) include interactions with the local business community to the fullest extent possible to reinforce the connection between economic and financial literacy and economic development; and
(2) work with private businesses to obtain matching contributions for Federal funds and assist recipients in working toward self-sufficiency.
(d) Additional requirements and technical assistance
The grantee shall—
(1) meet such other requirements as the Secretary determines to be necessary to assure compliance with this section; and
(2) receive from the Secretary such technical assistance as may be necessary to carry out this section.