Sec. 25. “State tuition support” means the amount of state funds to be distributed to:

(1) a school corporation other than a virtual charter school in any state fiscal year under this article for all grants, distributions, and awards described in IC 20-43-2-3; and

Terms Used In Indiana Code 20-43-1-25

  • 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) a virtual charter school in any state fiscal year under IC 20-43-6-3.

[Pre-2006 Recodification Citation: 21-3-1.6-1.1(c).]

As added by P.L.2-2006, SEC.166. Amended by P.L.182-2009(ss), SEC.325; P.L.229-2011, SEC.203; P.L.205-2013, SEC.267.