CHAPTER 12. RESTORATION GRANTS
IC 20-43-12
Chapter 12. Restoration Grants
IC 20-43-12-1
Authorization
Sec. 1. A school corporation is entitled to a restoration grant.
As added by P.L.182-2009(ss), SEC.343.
IC 20-43-12-2
Calculation of grant
Sec. 2. The amount of the restoration grant to which a school
corporation is entitled in calendar year 2010 and calendar year 2011
is equal to the result determined under the following formula:
STEP ONE: Determine the school corporation's basic tuition
support for the current year.
STEP TWO: Determine the amount of the school corporation's
previous year revenue that applies to the determination of the
school corporation's basic tuition support for the 2010 calendar
year.
STEP THREE: Determine the sum of:
(A) the STEP TWO amount divided by the school
corporation's 2009 ADM; plus
(B) twenty-five dollars ($25) for 2010 and seventy-five
dollars ($75) for 2011.
STEP FOUR: Determine the result of:
(A) the school corporation's STEP THREE amount;
multiplied by
(B) the school corporation's ADM for the current year.
STEP FIVE: Determine the sum of:
(A) the STEP TWO amount divided by the school
corporation's 2009 ADM; minus
(B) twenty-five dollars ($25) for 2010 and seventy-five
dollars ($75) for 2011.
STEP SIX: Determine the result of:
(A) the school corporation's STEP FIVE amount; multiplied
by
(B) the school corporation's ADM for the current year.
STEP SEVEN: Determine the lesser of:
(A) the STEP FOUR amount; or
(B) the STEP TWO amount.
STEP EIGHT: Determine the greater of:
(A) the STEP SEVEN amount; or
(B) the STEP SIX amount.
STEP NINE: Determine the greater of zero (0) or the result of:
(A) the STEP EIGHT amount; minus
(B) the STEP ONE amount.
STEP TEN: Determine the sum of the current year basic tuition
support plus the STEP NINE amount.
STEP ELEVEN: Determine the result of the following:
(A) For 2010, divide the STEP TEN amount by the STEP
TWO amount.
(B) For 2011, divide:
(i) the STEP TEN amount; by
(ii) the sum of the prior year basic tuition support plus the
prior year STEP NINE amount.
STEP TWELVE: Determine the greater of:
(A) zero (0); or
(B) the result of:
(i) ninety-seven hundredths (0.97); minus
(ii) the STEP ELEVEN amount.
STEP THIRTEEN: Determine the lesser of:
(A) two hundred twenty dollars ($220) for 2010 and three
hundred fifty dollars ($350) for 2011; or
(B) the result of:
(i) the STEP TWELVE amount multiplied by nine
thousand five hundred (9,500), in 2010; and
(ii) the STEP TWELVE amount multiplied by twelve
thousand (12,000), in 2011.
STEP FOURTEEN: Determine the product of:
(A) the STEP THIRTEEN amount; multiplied by
(B) the school corporation's current ADM.
STEP FIFTEEN: Determine the sum of:
(A) the STEP NINE amount; plus
(B) the STEP FOURTEEN amount.
As added by P.L.182-2009(ss), SEC.343. As amended by
P.L.109-2010, SEC.6.