Indiana Code 20-29-6-12.5. Certification of estimated available revenue; sources of funding
(b) Within thirty (30) days after the date of the fall count of ADM of the school year in the first year of the state budget biennium, the department shall provide the parties with a certification of estimated general fund (before January 1, 2019) or education fund (after December 31, 2018) revenue available for bargaining from the school funding formula. If the parties do not receive a certified estimate from the department within thirty (30) days after the fall count of ADM, the parties may use the school corporation’s estimate of the general fund (before January 1, 2019) or education fund (after December 31, 2018) revenue available based on the school corporation’s fall count of ADM for purposes of collective bargaining. However, if the parties subsequently receive the certification of estimated general fund (before January 1, 2019) or education fund (after December 31, 2018) revenue available for bargaining before an impasse is declared, the parties shall use the certified general fund (before January 1, 2019) or education fund (after December 31, 2018) revenue from the school funding formula for purposes of collective bargaining.
Terms Used In Indiana Code 20-29-6-12.5
- 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.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(1) all transfers between the operations fund and the education fund; and
(2) a statement regarding whether or not the transfer is for the purpose of funding teacher contracts.
(d) The certifications or estimate described in subsection (b) must be the basis for determinations throughout impasse proceedings under this chapter.
As added by P.L.48-2011, SEC.21. Amended by P.L.229-2011, SEC.179; P.L.205-2013, SEC.254; P.L.213-2015, SEC.190; P.L.214-2017, SEC.3; P.L.244-2017, SEC.57; P.L.211-2019, SEC.25; P.L.254-2019, SEC.3; P.L.272-2019, SEC.6; P.L.159-2020, SEC.62.