Section 14-32-8-8.2 - Limit on matching funds from division if district territory is larger than one county(a) This section applies to a district if, as the result of: (1) the merger of two (2) or more districts; or(2) the changing of the boundaries of one (1) or more districts under IC 14-32-6.5; the territory of the district is larger than the entire area of one (1) county.
(b) The limit in section 8(b) of this chapter on the funds from political subdivisions that the state may be obligated to match shall be adjusted under this section in the case of a district described in subsection (a).(c) If the territory of a district includes the entire area of two (2) or more counties, the limit on the funds from political subdivisions that the state may be obligated to match is ten thousand dollars ($10,000) multiplied by a whole number equal to the number of counties whose entire area is included in the territory of the district.(d) If the territory of a district includes some of but less than the entire area of a particular county, the limit on the funds from political subdivisions that the state may be obligated to match is the sum of: (1) ten thousand dollars ($10,000) multiplied by a percentage equal to the percentage of the particular county's entire area that is included in the territory of the district; plus(2) either: (A) ten thousand dollars ($10,000), if the territory of the district also includes all the area of one (1) other county; or(B) the figure calculated under subsection (c), if the territory of the district also includes all the area of two (2) or more counties.Added by P.L. 95-2016, SEC. 5, eff. 7/1/2016.