Ind. Code § 20-43-10.5-2

Current through P.L. 171-2024

Section 20-43-10.5-2 - Early graduation award calculation

Subject to section 1 of this chapter, a school corporation's early graduation award for a state fiscal year is the amount determined using the following formula:

STEP ONE: Determine the number of students who met the following conditions during the student's expected graduation year (as defined in IC 20-26-13-4) for the school year ending in the previous state fiscal year:

(A) The student was enrolled in the school corporation on the fall count day of ADM established under IC 20-43-4-3.

(B) The student successfully completed Indiana high school graduation requirements before the day in February fixed by the state board for the spring count of students under IC 20-43-4-3.

(C) The student was not enrolled in the school corporation on the day in February fixed by the state board for the spring count of students under IC 20-43-4-3.

STEP TWO: Multiply the STEP ONE result by one thousand five hundred dollars ($1,500).

IC 20-43-10.5-2

Added by P.L. 201-2023,SEC. 212, eff. 6/29/2023.