Indiana Code 22-4.1-27-5. “Graduation rate”
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Terms Used In Indiana Code 22-4.1-27-5
- 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.
- graduation rate: means the percentage, out of the total number of students who enrolled in the program during the state fiscal year that precedes the immediately preceding state fiscal year, of students who graduated in the two (2) immediately preceding state fiscal years and for whom the approved eligible provider received reimbursement under this chapter. See Indiana Code 22-4.1-27-5
- program: refers to the workforce diploma reimbursement program established by section 7 of this chapter. See Indiana Code 22-4.1-27-6
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 5. As used in this chapter, “graduation rate” means the percentage, out of the total number of students who enrolled in the program during the state fiscal year that precedes the immediately preceding state fiscal year, of students who graduated in the two (2) immediately preceding state fiscal years and for whom the approved eligible provider received reimbursement under this chapter. A student may be counted as a graduate only one (1) time in calculating the program’s graduation rate.
As added by P.L.237-2019, SEC.2.