Section 20-43-15-5 - School corporation matching funds for grants(a) Except as provided in subsection (b), if the department approves a grant to a school corporation under this chapter, the amount of the grant from the fund is equal to the amount that the school corporation commits to contribute to the stipends.(b) If the number of requests for grants from the fund exceeds the amount of money in the fund, the department shall proportionately reduce the amount of each grant from the fund.(c) The department shall annually distribute grants to school corporations by a date determined by the state board.Added by P.L. 106-2016, SEC. 14, eff. 7/1/2017.