Indiana § 20-45-7-26 Calculation; school corporation's distribution

Indiana Statutes

§ 20-45-7-26 — Calculation; school corporation's distribution

Indiana § 20-45-7-26

Title 20EDUCATION

Art. 45GENERAL FUND LEVIES

Ch. 7Supplemental County Levy; Lake County

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Bluebook

Ind. Code § 20-45-7-26 (2026).

Text

The entitlement of each qualified school corporation from the fund for each calendar year is the greater of:

(1)the amount of its entitlement for calendar year 2000 from the tax levied under this chapter; or

(2)an amount equal to twenty-seven dollars and fifty cents ($27.50) times its current ADM as determined in the fall count of ADM conducted in the school year ending in the current calendar year. [Pre-2006 Recodification Citation: 21-2-12-6.1(b).]

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The entitlement of each qualified school
corporation from the fund for each calendar year is the greater of:
(1) the amount of its entitlement for calendar year 2000 from the
tax levied under this chapter; or
(2) an amount equal to twenty-seven dollars and fifty cents
($27.50) times its current ADM as determined in the fall count of
ADM conducted in the school year ending in the current calendar
year.
[Pre-2006 Recodification Citation: 21-2-12-6.1(b).]