Chapter 2 Formula provides federal funds to states through the Elementary and Secondary Education Act as amended in 1988. Chapter 2 Formula funds can be used in a variety of ways to meet the educational needs of students at risk of failure or dropping out. In 1994-95, the Austin Independent School District (AISD) (Texas) rereived a total of $508,208, which included some funds rolled forward from the previous school year. These funds were allocated to the following programs: (1) Academic Decathlon (a scholastic competition); (2) Alternative Calendar (intersession programs for educationally disadvantaged students); (3) library resources; (4) secondary library technology; (5) middle school "Transition In " program to facilitate chang...