of higher education and local educational agencies in such State for any academic year beginning on or after July 1, 2024, an amount that is equal to or greater than the average amount provided for advanced coursework by such State to such institutions of higher education and local educational agencies for advanced coursework during the 2 most recent preceding academic years for which satisfactory data are available. (b) Adjustments for biennial appropriations The Secretary shall take into consideration any adjustments to the calculations under subsection (a) that may be required to accurately reflect funding levels in States with biennial appropriation cycles. (c) Waiver The Secretary may waive the requirements of subsection (a) for not more than 2 consecutive years, if the Secretary determines that such a waiver would be equitable due to exceptional or uncontrollable circumstances, such as a natural disaster or a precipitous and unforeseen decline in the financial resources of a State or State educational agency, as appropriate. (d) Violation of maintenance of effort Notwithstanding any other provision of law, the Secretary shall withhold from any State that violates subsection (a) and does not receive a waiver pursuant to subsection (c) any amount that would otherwise be available to the State under this subpart until such State has made significant efforts to correct such violation. 416I. Authorization of appropriations There are authorized to be appropriated to carry out this subpart such sums as may be necessary for fiscal year 2024 and each of the 4 succeeding fiscal years. . (b) Effective date This section, and the amendments made by this section, shall take effect on the later of the date of enactment of this Act or July 1, 2024.