Indiana Code Title 20. Education § 20-30-2-4

Sec. 4. (a) Subject to subsection (c), if a school corporation fails to conduct the minimum number of student instructional days during a school year as required under section 3 of this chapter, the department shall reduce the August tuition support distribution to that school corporation for a school year by an amount determined as follows:

STEP ONE:  Determine the remainder of:

STEP TWO:  Subtract the number of student instructional days that the school corporation conducted from one hundred eighty (180).

STEP THREE:  Determine the lesser of five (5) or the remainder determined under STEP TWO.

STEP FOUR:  Divide the amount subtracted under STEP ONE (B) by five (5).

STEP FIVE:  Multiply the quotient determined under STEP FOUR by the number determined under STEP THREE.

STEP SIX:  Subtract the number determined under STEP THREE from the remainder determined under STEP TWO.

STEP SEVEN:  Divide the remainder determined under STEP ONE by one hundred seventy-five (175).

STEP EIGHT:  Multiply the quotient determined under STEP SEVEN by the remainder determined under STEP SIX.

STEP NINE:  Add the product determined under STEP FIVE to the product determined under STEP EIGHT.

(b) If the total amount of state tuition support that a school corporation receives or will receive during a school year decreases under this section by an amount that is equal to or more than two hundred fifty thousand dollars ($250,000) from the amount the school corporation would otherwise be eligible to receive during the school year as determined under IC 20-43, the budget committee shall review the amount of and the reason for the decrease before implementation of the decrease.

(c) If fewer than all of the schools in a school corporation fail to conduct the minimum number of student instructional days during a school year as required under section 3 of this chapter, the reduction in August tuition support required by this section shall take into account only the schools in the school corporation that failed to conduct the minimum number of student instructional days and only the grades for which the required number of student instructional days was not conducted.