CHAPTER 12.2. SMALL SCHOOL GRANTS

IC 20-43-12.2
    Chapter 12.2. Small School Grants

IC 20-43-12.2-1
Authorization
    Sec. 1. A school corporation is entitled to a small school grant asprovided in this chapter. This chapter does not apply to a charterschool.
As added by P.L.182-2009(ss), SEC.344.

IC 20-43-12.2-2
Calculation of grant
    Sec. 2. The amount of the small school grant to which a schoolcorporation is entitled in a year is equal to:
        (1) the lesser of:
            (A) one hundred ninety-two dollars ($192); or
            (B) one dollar ($1) multiplied by the result of:
                (i) one thousand seven hundred (1,700); minus
                (ii) the school corporation's current ADM; multiplied by
        the school corporation's current ADM, if the schoolcorporation's current ADM is less than one thousand sevenhundred (1,700) and the school corporation's complexity indexis greater than one and two-tenths (1.2);
        (2) the lesser of:
            (A) ninety-one dollars ($91); or
            (B) one dollar ($1) multiplied by the result of:
                (i) one thousand seven hundred (1,700); minus
                (ii) the school corporation's current ADM; multiplied by
        the school corporation's current ADM, if the schoolcorporation's current ADM is less than one thousand sevenhundred (1,700) and the school corporation's complexity indexis greater than one and one-tenth (1.1) and not greater than oneand two-tenths (1.2); and
        (3) zero (0), if subdivisions (1) and (2) do not apply.
As added by P.L.182-2009(ss), SEC.344.