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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 5. The state tuition support amount to be used in section 4(a)(1)(B) of this chapter for an eligible choice scholarship student is the amount determined under the last STEP of the following formula:
STEP ONE: Determine the school corporation in which the eligible choice scholarship student has legal settlement.
STEP TWO: Determine the amount of state tuition support that the school corporation identified under STEP ONE is eligible to receive under IC 20-43 for the state fiscal year in which the current school year begins, including the basic tuition support amount made under IC 20-43-6 and the amount determined under IC 20-43-10.5-3. However, the amount does not include amounts provided for special education grants under IC 20-43-7, career and technical education grants under IC 20-43-8, non-English speaking program grants under IC 20-43-10, or amounts determined under IC 20-43-10.5-2 or IC 20-43-10.5-4.
STEP THREE: Determine the result of:
(A) the STEP TWO amount; divided by
(B) the current ADM (as defined in IC 20-43-1-10) for the school corporation identified under STEP ONE for the state fiscal year used in STEP TWO.
Cite this article: FindLaw.com - Indiana Code Title 20. Education § 20-51-4-5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-20-education/in-code-sect-20-51-4-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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