Sec. 1. (a) In addition to the amount a school corporation is entitled to receive in basic tuition support, each school corporation is eligible to receive an academic performance grant. Subject to subsection (b), the amount of a school corporation’s grant for a state fiscal year is equal to the aggregate of each of the single largest amounts determined for each student under:

(1) section 2 of this chapter;

Terms Used In Indiana Code 20-43-10.5-1

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) section 3 of this chapter;

(3) section 4(a)(1) of this chapter;

(4) section 4(a)(2) of this chapter; or

(5) section 4(a)(3) of this chapter.

     (b) If a school corporation:

(1) received as part of a grant under this chapter in a previous state fiscal year an amount based on a determination of eligibility of a particular student under section 2 of this chapter or section 3 of this chapter; and

(2) is determined by the department to be eligible in a subsequent state fiscal year for an amount based on a determination of eligibility of the same student under section 4 of this chapter;

the school corporation may only receive as part of the school corporation’s grant in the subsequent state fiscal year the amount equal to the greater of zero (0) or the difference between the amount described in subdivision (2) minus the amount described in subdivision (1).

     (c) Each school corporation and charter school shall submit information prescribed by the department that is necessary to make the determinations required under this chapter.

As added by P.L.201-2023, SEC.212.

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