Indiana § 20-43-3-4 Calculation; previous year revenue

Indiana Statutes

§ 20-43-3-4 — Calculation; previous year revenue

Indiana·Title 20 EDUCATION·Art. 43 STATE TUITION SUPPORT·Ch. 3 General Computations; Amounts Used in State Tuition

(a)This subsection applies to the determination of a school corporation's previous year's revenue for purposes of determining distributions under this article. A school corporation's previous year revenue equals the amount determined using the following formula: STEP ONE: Determine the school corporation's basic tuition support actually received for the state fiscal year that immediately precedes the current state fiscal year. STEP TWO: Subtract from the STEP ONE result an amount equal to the reduction in the school corporation's state tuition support under any combination of subsection (b) or IC 20-30-2-4.

(b)A school corporation's previous year revenue must be reduced if:

(1)the school corporation's state tuition support for special education or career and technical education is reduc

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(a) This subsection applies to the determination
of a school corporation's previous year's revenue for purposes of
determining distributions under this article. A school corporation's
previous year revenue equals the amount determined using the
following formula:
STEP ONE: Determine the school corporation's basic tuition
support actually received for the state fiscal year that immediately
precedes the current state fiscal year.
STEP TWO: Subtract from the STEP ONE result an amount equal
to the reduction in the school corporation's state tuition support
under any combination of subsection (b) or IC 20-30-2-4.
(b) A school corporation's previous year revenue must be reduced
if:
(1) the school corporation's state tuition support for special
education or career and technical education is reduced as a result
of a complaint being filed with the department after December 31,
1988, because the school program overstated the number of
children enrolled in special education programs or career and
technical education programs; and
(2) the school corporation's previous year revenue has not been
reduced under this subsection more than one (1) time because of
a given overstatement.
The amount of the reduction equals the amount the school corporation
would have received in state tuition support for special education and
career and technical education because of the overstatement.
[Pre-2006 Recodification Citation: 21-3-1.7-3.1.]

Indiana § 20-43-3-4 (Calculation; previous year revenue) — 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.234-2007, SEC.135; P.L.234-2007, SEC.238; P.L.3-2008, SEC.123; P.L.146-2008, SEC.485; P.L.182-2009(ss), SEC.331; P.L.229-2011, SEC.206; P.L.205-2013, SEC.273; P.L.213-2015, SEC.211.