The impacted aid program has been controversial since its inception. The Congress has broadened the coverage of the program periodically to the point where it now reaches school districts accounting for half of all public elementary and secondary school enrollment in the United States. In the fiscal 1969 budget, the Administration requested and Congress provided for a study of the impacted areas program. This study is as broad as the legislation itself, reflecting all facets of assistance under P.L. 81-874 and P.L. 81-815. This report presents the results of the study. The study provides an overview of the conclusions and recommendations. The analysis leading to these conclusions and details of the recommended program are presented in the body of the report. The recommended program, if accepted, will be quite simple to administer. (ON)