222.63—What other requirements must a local educational agency meet in order to be eligible for financial assistance under section 8003(f)(2)(A)?
         Subject to  § 222.65, an LEA described in  § 222.62(a), (b), or (c) is eligible for financial assistance under  section 8003(f)(2)(A) if the Secretary determines that the LEA meets all of the following requirements:
    
    
    
        
        (b) 
         The LEA timely applies for assistance under  section 8003(f) and meets all of the other application and eligibility requirements of subparts A and C of these regulations.
    
    
        
        (c) 
         The LEA is exercising due diligence in availing itself of revenues derived from State and other sources and, except for an LEA described in  § 222.62(c), is making a reasonable tax effort in accordance with the requirements of  §§ 222.66-222.71.
    
    
        
        (d) 
         The eligibility of the LEA for State aid and the amount of State aid are determined on a basis no less favorable than that for other LEAs in the State.