Indiana Code 20-43-3-7. Count adjustments and distribution adjustments
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Sec. 7. (a) This section applies to distributions under this article that are computed in any part based on a count of students under IC 20-43-4-2.
(b) If the state board subsequently adjusts under IC 20-43-4-3.5 a count used for a distribution under this article, the department shall adjust subsequent distributions to the school corporation that are affected by the adjusted count, on the schedule determined by the department, to reflect the differences between the distribution that the school corporation received and the distribution that the school corporation would have received if the adjusted count had been used.
As added by P.L.205-2013, SEC.274. Amended by P.L.213-2015, SEC.212; P.L.130-2022, SEC.4.
Terms Used In Indiana Code 20-43-3-7
- 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.