; or (II) if such agency does not operate a website, widely disseminates to the public the description and information described in items (aa) and (bb) of subclause (I); and (P) in the case of any revisions to the State’s challenging State academic standards (including any revisions to the levels of achievement within the State’s academic achievement standards), the State educational agency will post to the homepage of its website, and widely disseminate to the public, notice of such revisions and a copy of such revisions, except that the State educational agency shall not be required to submit such notice or such revisions to the Secretary. . 102. Annual local educational agency report cards Section 1111(h)(2) of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 6311(h)(2) ) is amended by inserting at the end the following new subparagraph: (E) Budget Each local educational agency report card shall include the budget for the school year for which such report card is being prepared (including all revenues and expenditures (including expenditures made to private entities)) for the local educational agency as a whole, and for each elementary school and secondary school (including secondary career and technical education schools) served by the local educational agency. In addition to the detailed budget information required under the preceding sentence, the agency shall include a separate fact sheet that summarizes such information in a clear and easily understandable format. . 103. Local educational agency plan assurances Section 1112(c) of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 6312(c) ) is amended— (1) in paragraph (6), by striking and at the end; (2) in paragraph (7), by striking the period at the end and inserting a semicolon; and (3) by adding at the end the following: (8) meet the requirements described in section 1111(g)(2)(O)