Definition of Terms
Since 1950, Congress has provided financial assistance to local school districts across the United States that include within their boundaries parcels of land that are owned by the Federal Government or that have been removed from the local tax rolls by the Federal Government, including Indian lands through the Impact Aid Program.
Impact Aid Section 7002- Payments for Federal Property
Payments for Federal Property assist local school districts that have lost a portion of their local tax base because of Federal ownership of property. To be eligible, a school district must demonstrate that the Federal Government has acquired, since 1938, real property with an assessed valuation of at least 10 percent of all real property in the district at the time of acquisition.
Federal Lands Impacted Schools Association