CHAPTER 12.2. SMALL SCHOOL GRANTS - Indiana Statutes

IC 20-43-12.2
     Chapter 12.2. Small School Grants

IC 20-43-12.2-1
Authorization
     Sec. 1. A school corporation is entitled to a small school grant as provided in this chapter. This chapter does not apply to a charter school.
As added by P.L.182-2009(ss), SEC.344.

IC 20-43-12.2-2
Calculation of grant
     Sec. 2. The amount of the small school grant to which a school corporation is entitled in a year is equal to:
        (1) the lesser of:
            (A) one hundred ninety-two dollars ($192); or
            (B) one dollar ($1) multiplied by the result of:
                (i) one thousand seven hundred (1,700); minus
                (ii) the school corporation's current ADM; multiplied by
        the school corporation's current ADM, if the school corporation's current ADM is less than one thousand seven hundred (1,700) and the school corporation's complexity index is greater than one and two-tenths (1.2);
        (2) the lesser of:
            (A) ninety-one dollars ($91); or
            (B) one dollar ($1) multiplied by the result of:
                (i) one thousand seven hundred (1,700); minus
                (ii) the school corporation's current ADM; multiplied by
        the school corporation's current ADM, if the school corporation's current ADM is less than one thousand seven hundred (1,700) and the school corporation's complexity index is greater than one and one-tenth (1.1) and not greater than one and two-tenths (1.2); and
        (3) zero (0), if subdivisions (1) and (2) do not apply.
As added by P.L.182-2009(ss), SEC.344.