Indiana § 20-49-5-3 State board; advance; purposes; maximum advance

Indiana Statutes

§ 20-49-5-3 — State board; advance; purposes; maximum advance

Indiana·Title 20 EDUCATION·Art. 49 STATE MANAGEMENT OF COMMON SCHOOL·Ch. 5 Advancement From the Common School Fund for

To assist a school corporation in providing the
school corporation's educational program to a student placed in a
facility or home as described in IC 20-26-11-8(a) or IC 20-26-11-8(b)
and not later than October 1 of each school year, the state board may
advance money to a school corporation in anticipation of the school
corporation's receipt of transfer tuition for students described in IC 20-26-11-8(a) or IC 20-26-11-8(b). The amount of the advance may not
exceed the amount determined under STEP TWO of the following
formula:
STEP ONE: Estimate for the current school year the number of
students described in IC 20-26-11-8(a) or IC 20-26-11-8(b) that
are transferred to the school corporation.
STEP TWO: Multiply the STEP ONE amount by the school
corporation's prior year per student transfer t

Free access — add to your briefcase to read the full text and ask questions with AI

To assist a school corporation in providing the
school corporation's educational program to a student placed in a
facility or home as described in IC 20-26-11-8(a) or IC 20-26-11-8(b)
and not later than October 1 of each school year, the state board may
advance money to a school corporation in anticipation of the school
corporation's receipt of transfer tuition for students described in IC 20-26-11-8(a) or IC 20-26-11-8(b). The amount of the advance may not
exceed the amount determined under STEP TWO of the following
formula:
STEP ONE: Estimate for the current school year the number of
students described in IC 20-26-11-8(a) or IC 20-26-11-8(b) that
are transferred to the school corporation.
STEP TWO: Multiply the STEP ONE amount by the school
corporation's prior year per student transfer tuition amount.
[Pre-2006 Recodification Citation: 21-1-5.1-2.]

Indiana § 20-49-5-3 (State board; advance; purposes; maximum advance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.