Ind. Code § 20-45-7-26

Current through P.L. 171-2024

Section 20-45-7-26 - Calculation; school corporation's distribution

The entitlement of each qualified school corporation from the fund for each calendar year is the greater of:

(1) the amount of its entitlement for calendar year 2000 from the tax levied under this chapter; or

(2) an amount equal to twenty-seven dollars and fifty cents ($27.50) times its current ADM as determined in the fall count of ADM conducted in the school year ending in the current calendar year.

IC 20-45-7-26

Pre-2006 Recodification Citation: 21-2-12-6.1(b).

Amended by P.L. 205-2013, SEC. 304, eff. 7/1/2013.

As added by P.L. 2-2006, SEC.168.