Section 20-33-5-9.5 - Reimbursement formula(a) This section applies to reimbursements made under this chapter in the state fiscal year beginning after June 30, 2013.(b) The amount of reimbursement that a school corporation or an accredited nonpublic school (as defined in section 9(a) of this chapter) is entitled to receive under section 7 or 9 of this chapter in a state fiscal year is equal to the amount determined in the following STEPS: STEP ONE: Determine the amount appropriated to make reimbursements under this chapter for the state fiscal year.
STEP TWO: Determine the total number of eligible students for which reimbursement was requested under either section 7 or 9 of this chapter before November 1 of the previous calendar year by all school corporations and accredited nonpublic schools.
STEP THREE: Divide the result determined in STEP ONE by the number determined in STEP TWO.
STEP FOUR: Multiply:
(A) the STEP THREE result; by(B) the number of eligible students for which reimbursement was requested under section 7 or 9 of this chapter before November 1 of the state fiscal year by the school corporation or the accredited nonpublic school.Amended by P.L. 201-2023,SEC. 175, eff. 7/1/2023.Amended by P.L. 92-2020,SEC. 80, eff. 3/18/2020.Amended by P.L. 205-2013, SEC. 258, eff. 7/1/2013.Added by P.L. 229-2011, SEC. 194, eff. 7/1/2011.