Indiana Code 20-45-7-11. “Entitlement”
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Sec. 11. As used in this chapter, “entitlement” of a qualified school corporation is that part of the fund:
(2) on the basis of which the tax is set under this chapter.
(1) to which any qualified school corporation is entitled for any calendar year; and
Terms Used In Indiana Code 20-45-7-11
- 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.
- fund: refers to the county school distribution fund:
Indiana Code 20-45-7-12
- qualified school corporation: means any school corporation that has under its jurisdiction any territory located in the qualified county. See Indiana Code 20-45-7-14
- tax: refers to the county supplemental school financing property tax to be levied by the county council under this chapter. See Indiana Code 20-45-7-15
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
[Pre-2006 Recodification Citation: 21-2-12-3(i).]
As added by P.L.2-2006, SEC.168.