CHAPTER 12.2. SMALL SCHOOL GRANTS
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.