From the Summary: "On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136) was signed into law. Included in the act was the Education Stabilization Fund (ESF). The ESF is comprised of three emergency relief funds: (1) a Governor's Emergency Education Relief (GEER) Fund, (2) an Elementary and Secondary School Emergency Relief (ESSER) Fund, and (3) a Higher Education Emergency Relief Fund (HEERF). The ESF, administered by the U.S. Department of Education (ED), has an appropriations level of $30.750 billion for FY2020. These funds are to remain available through September 30, 2021. From the total appropriation for the ESF, the Secretary of Education is required to reserve up to 0.5% for the outlying areas, 0.5% for the Bureau of Indian Education, and 1% to provide competitive grants to the states with the 'highest coronavirus burden' to support activities under the ESF. The Secretary is required to provide the remainder of the funds to the three emergency education relief funds."
CRS Report for Congress, R46378
Congressional Research Service: https://crsreports.congress.gov/