Indiana Code 20-43-2-5. Year round school; adjusted distribution
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Terms Used In Indiana Code 20-43-2-5
- 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.
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 5. If a school corporation operates on a twelve (12) month school year program, as approved by the secretary of education, the distribution of state support for the program shall be made under an adjusted formula to be approved by the secretary of education. The adjustment formula shall grant to each school corporation operating an approved twelve (12) month school year an amount of money that must be on the same basis as the distribution for the regular support program, prorated per diem to reflect the extended school term.
[Pre-2006 Recodification Citation: 21-1-1-62.5 part.]
As added by P.L.2-2006, SEC.166. Amended by P.L.43-2021, SEC.130.