The board, designated as the administrators of such funds as may be allotted to the State under federal legislation for public educational purposes, subject to such limitations as may be imposed by congressional action, shall use and expend the funds:
(1) To improve the program of the public schools of the State, including any grades up to the fourteenth grade or such lower grade as shall be prescribed as a maximum for such purposes by the Act of Congress concerned, by expanding the educational offerings, particularly in the rural districts;(2) For the payment of salaries to teachers;(3) To employ additional teachers to relieve overcrowded classes;(4) To adjust the salaries of teachers to meet the increased cost of living, within such limits as may be fixed by, and pursuant to, state law;(5) To provide for the purchase of supplies, apparatus, and materials for the public schools; and(6) For any of such purposes and to such extent as shall be permitted by the Acts of Congress concerned.Amended by L 2015, c 108,§ 6, eff. 7/1/2015.Amended by L 2012, c 133, § 27, eff. 6/20/2012.