Indiana Code 20-43-6-3. Calculation; basic tuition support
(b) This subsection applies to a school corporation that does not have any students in the school corporation’s current ADM for the year for whom, of the instructional services that the students receive from the school corporation, at least fifty percent (50%) is virtual instruction. The school corporation’s basic tuition support for a state fiscal year is equal to the amount determined under STEP FOUR of the following formula:
Terms Used In Indiana Code 20-43-6-3
- 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
STEP TWO: Multiply the school corporation’s complexity index by:
(A) for the state fiscal year beginning July 1, 2023, three thousand nine hundred eighty-three dollars ($3,983); and
(B) for the state fiscal year beginning July 1, 2024, four thousand twenty-four dollars ($4,024).
STEP THREE: Multiply the STEP TWO amount by the school corporation’s current ADM.
STEP FOUR: Determine the sum of the STEP ONE amount and the STEP THREE amount.
(c) This subsection applies to a school corporation that has students in the school corporation’s current ADM for the year for whom, of the instructional services that the students receive from the school corporation, at least fifty percent (50%) is virtual instruction. The school corporation’s basic tuition support for a state fiscal year is equal to the amount determined under STEP SEVEN of the following formula:
STEP ONE: Determine the total number of students in the school corporation’s current ADM for the year for whom, of the instructional services that the students receive from the school corporation, at least fifty percent (50%) is virtual instruction.
STEP TWO: Determine the result of the school corporation’s current ADM for the year minus the STEP ONE amount.
STEP THREE: Determine the result of:
(A) the foundation amount; multiplied by
(B) the STEP TWO amount.
STEP FOUR: Determine the result of:
(A) the STEP ONE amount; multiplied by
(B) eighty-five percent (85%) of the foundation amount.
STEP FIVE: Multiply the school corporation’s complexity index by:
(A) for the state fiscal year beginning July 1, 2023, three thousand nine hundred eighty-three dollars ($3,983); and
(B) for the state fiscal year beginning July 1, 2024, four thousand twenty-four dollars ($4,024).
STEP SIX: Multiply the STEP FIVE amount by the school corporation’s current ADM.
STEP SEVEN: Determine the sum of the STEP THREE amount, the STEP FOUR amount, and the STEP SIX amount.
[Pre-2006 Recodification Citation: 21-3-1.7-8.2(a) part.]
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007, SEC.249; P.L.146-2008, SEC.488; P.L.182-2009(ss), SEC.339; P.L.91-2011, SEC.29; P.L.229-2011, SEC.212; P.L.205-2013, SEC.289; P.L.217-2017, SEC.127; P.L.108-2019, SEC.225; P.L.165-2021, SEC.164; P.L.201-2023, SEC.204.