Indiana § 20-43-2-2 Maximum distributions; excessive distributions

Indiana Statutes

§ 20-43-2-2 — Maximum distributions; excessive distributions

Indiana·Title 20 EDUCATION·Art. 43 STATE TUITION SUPPORT·Ch. 2 Maximum State Distribution

(a)The maximum state distribution for a state fiscal year for all school corporations for the purposes described in section 3 of this chapter is the amount appropriated by the general assembly for those purposes for that state fiscal year.

(b)If the budget director, after review by the budget committee, makes a determination that the amount of the distribution for a state fiscal year for all school corporations for the purposes described in section 3 of this chapter exceeds the amount appropriated for these purposes for the state fiscal year, the budget agency shall transfer money from the state tuition reserve account to the state general fund to cover the difference. However, the maximum amount that may be transferred to the state general fund for the state fiscal year may not exceed:

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(a) The maximum state distribution for a state
fiscal year for all school corporations for the purposes described in
section 3 of this chapter is the amount appropriated by the general
assembly for those purposes for that state fiscal year.
(b) If the budget director, after review by the budget committee,
makes a determination that the amount of the distribution for a state
fiscal year for all school corporations for the purposes described in
section 3 of this chapter exceeds the amount appropriated for these
purposes for the state fiscal year, the budget agency shall transfer
money from the state tuition reserve account to the state general fund
to cover the difference. However, the maximum amount that may be
transferred to the state general fund for the state fiscal year may not
exceed:
(1) seventy-five million dollars ($75,000,000) for the state fiscal
year beginning July 1, 2018; and
(2) twenty-five million dollars ($25,000,000) for a state fiscal year
beginning July 1, 2019, or thereafter.
(c) Any amounts transferred under this section shall be used to
augment the appropriation for state tuition support for the state fiscal
year and shall be distributed to school corporations to make or restore
the distributions for the purposes described in section 3 of this chapter.
(d) Transfers under this section are in addition to any transfers made
from the state tuition reserve account under IC 4-12-1-15.7 or any other
law.
(e) To the extent that the amount appropriated plus the amount
transferred is less than the amount that would be distributed under this
article, the total amount to be distributed for the purposes described in
section 3 of this chapter to each recipient during the remaining months
of the state fiscal year shall be proportionately reduced so that the total
reductions equal the amount of the excess for the purposes described
in section 3 of this chapter.
[Pre-2006 Recodification Citation: 21-3-1.7-9(b)
part.]

Indiana § 20-43-2-2 (Maximum distributions; excessive distributions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.2-2006, SEC.166. Amended by P.L.162-2006, SEC.42; P.L.234-2007, SEC.235; P.L.146-2008, SEC.482; P.L.182-2009(ss), SEC.329; P.L.229-2011, SEC.204; P.L.205-2013, SEC.269; P.L.135-2018, SEC.2; P.L.108-2019, SEC.218.