CHAPTER 3. GENERAL COMPUTATIONS; AMOUNTS USED IN STATE TUITION SUPPORT CALCULATIONS
IC 20-43-3
Chapter 3. General Computations; Amounts Used in State Tuition
Support Calculations
IC 20-43-3-1
Rounding conventions
Sec. 1. If a computation under this article results in a fraction and
a rounding rule is not specified, the fraction shall be rounded as
follows:
(1) All calculations related to the complexity index shall be
computed by rounding to the nearest ten thousandth (0.0001).
(2) All tuition support distributions shall be computed by
rounding the levy or tuition support distribution to the nearest
dollar ($1) amount.
(3) The fraction calculated in IC 20-43-2-4 shall be computed
by rounding to the nearest one millionth (0.000001).
(4) If a calculation is not covered by subdivision (1), (2), or (3),
the result of the calculation shall be rounded to the nearest one
hundredth (0.01).
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007,
SEC.237; P.L.146-2008, SEC.483.
IC 20-43-3-2
Calculation; excise tax revenue
Sec. 2. (a) This subsection does not apply to a charter school. A
school corporation's excise tax revenue is the sum of the:
(1) financial institution excise tax revenue (IC 6-5.5);
(2) motor vehicle excise taxes (IC 6-6-5);
(3) commercial vehicle excise taxes (IC 6-6-5.5);
(4) boat excise tax (IC 6-6-11); and
(5) aircraft excise tax (IC 6-6-6.5);
the school corporation received for deposit in the school
corporation's general fund in a calendar year or would have received
for deposit in the school corporation's general fund in a calendar year
if the settlement of property taxes first due and payable in the
calendar year had been made on the schedule required under
IC 6-1.1-27-1.
(b) A charter school's excise tax revenue for a calendar year is
zero (0).
As added by P.L.2-2006, SEC.166.
IC 20-43-3-3
Repealed
(Repealed by P.L.1-2010, SEC.156.)
IC 20-43-3-4
Calculation; previous year revenue
Sec. 4. (a) This subsection applies to calendar year 2009. A school
corporation's previous year revenue equals the amount determined
under STEP TWO of the following formula:
STEP ONE: Determine the sum of the following:
(A) The school corporation's basic tuition support for the
year that precedes the current year.
(B) The school corporation's maximum permissible tuition
support levy for calendar year 2008.
(C) The school corporation's excise tax revenue for calendar
year 2007.
STEP TWO: Subtract from the STEP ONE result an amount
equal to the reduction in the school corporation's state tuition
support under any combination of subsection (c), subsection
(d), IC 20-10.1-2-1 (before its repeal), or IC 20-30-2-4.
(b) This subsection applies to calendar years 2010 and 2011. A
school corporation's previous year revenue equals the amount
determined under STEP TWO of the following formula:
STEP ONE: Determine the sum of the following:
(A) The school corporation's basic tuition support for the
year that precedes the current year.
(B) For calendar year 2010, the amount of education
stabilization funds received by the school corporation in
calendar year 2009 under Section 14002(a) of the federal
American Recovery and Reinvestment Act of 2009 (ARRA).
(C) The amount of the annual decrease in federal aid to
impacted areas from the year preceding the ensuing calendar
year by three (3) years to the year preceding the ensuing
calendar year by two (2) years.
STEP TWO: Subtract from the STEP ONE result an amount
equal to the reduction in the school corporation's state tuition
support under any combination of subsection (c) or
IC 20-30-2-4.
(c) A school corporation's previous year revenue must be reduced
if:
(1) the school corporation's state tuition support for special
education or career and technical education is reduced as a
result of a complaint being filed with the department after
December 31, 1988, because the school program overstated the
number of children enrolled in special education programs or
career and technical education programs; and
(2) the school corporation's previous year revenue has not been
reduced under this subsection more than one (1) time because
of a given overstatement.
The amount of the reduction equals the amount the school
corporation would have received in state tuition support for special
education and career and technical education because of the
overstatement.
(d) This section applies only to 2009. A school corporation's
previous year revenue must be reduced if an existing elementary or
secondary school located in the school corporation converts to a
charter school under IC 20-24-11. The amount of the reduction
equals the product of:
(1) the sum of the amounts distributed to the conversion charter
school under IC 20-24-7-3(c) and IC 20-24-7-3(d) (as effective
December 31, 2008); multiplied by
(2) two (2).
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007,
SEC.135; P.L.234-2007, SEC.238; P.L.3-2008, SEC.123;
P.L.146-2008, SEC.485; P.L.182-2009(ss), SEC.331.
IC 20-43-3-5
Repealed
(Repealed by P.L.146-2008, SEC.807.)
IC 20-43-3-6
Repealed
(Repealed by P.L.146-2008, SEC.807.)