FEDERAL AID HAS BECOME AN IMPORTANT PART OF EDUCATIONAL FINANCE, AND THERE IS INCREASING INTEREST ON THE PART OF EDUCATORS EVERYWHERE IN PROGRAMS WHICH PROVIDE FEDERAL ASSISTANCE. THIS HANDBOOK WAS PREPARED TO PROVIDE SCHOOL ADMINISTRATORS AND MEMBERS OF BOARDS OF EDUCATION WITH AN OVERVIEW AND BASIC UNDERSTANDING OF THE MANY LAWS WHICH APPLY TO FEDERAL SUPPORT OF EDUCATION. IT IS DIVIDED INTO TWO SEPARATE BOOKS--PART I, DESIGNED TO SERVE THE ADMINISTRATOR AS A QUICK GUIDE TO PROVISIONS, IDENTIFIES THE MANY PROGRAMS BY SUBJECT AREA SERVED, AND PART II PRESENTS A MORE DETAILED SUMMARY OF THE FEDERAL ACTS BY WHICH PROGRAMS ARE SUPPORTED. THE HANDBOOK ALSO CONTAINS A CHRONOLOGICAL OUTLINE OF FEDERAL LEGISLATION FROM 1777 THROUGH 1966 AND A DESCRIPTION OF TWO SEPARATE TYPES OF ACCOUNTING SYSTEMS WITH WHICH LOCAL EDUCATIONAL ORGANIZATIONS MUST BE CONCERNED IN HANDLING FEDERAL FUNDS--INTERNAL ACCOUNTING AND FEDERAL AUDIT ACCOUNTING. (HW)