(3) if the funds are to be used for improvement of elementary and secondary resources as described in subsection (b)(1) of this section
(A) an estimate of the amount to be spent on equipment, facilities improvement, library resources, and classroom instructional material;
(B) an estimate of the number of elementary and secondary students who will be aided by activities and expenditures under the grant;
(C) assurances that
(i) except as provided in subsection (c) of this section, a minimum of 25 percent of the funds for each project will be supplied by business concerns within the community;
(ii) no stipend shall be paid directly to employees of a profitmaking business concern;
(iii) provision shall be made for the equitable participation in the project of children who are enrolled in private elementary and secondary schools; and
(iv) consideration will be given to programs and activities designed to meet the needs of educationally disadvantaged and other traditionally underserved populations; and
(4) if the funds are to be used for advanced placement programs as described in subsection (b)(2) of this section, a commitment as to the percentage of funds received from the State on a per
student basis that shall be used by the local educational agency to defray costs of the advanced placement program.