Section 20-43-3-4 - Calculation; previous year revenue(a) This subsection applies to the determination of a school corporation's previous year's revenue for purposes of determining distributions under this article. A school corporation's previous year revenue equals the amount determined using the following formula: STEP ONE: Determine the school corporation's basic tuition support actually received for the state fiscal year that immediately precedes the current state fiscal year.
STEP TWO: Subtract from the STEP ONE result an amount equal to the reduction in the school corporation's state tuition support under any combination of subsection (b) or IC 20-30-2-4.
(b) A school corporation's previous year revenue must be reduced if: (1) the school corporation's state tuition support for special education or career and technical education is reduced as a result of a complaint being filed with the department after December 31, 1988, because the school program overstated the number of children enrolled in special education programs or career and technical education programs; and(2) the school corporation's previous year revenue has not been reduced under this subsection more than one (1) time because of a given overstatement. The amount of the reduction equals the amount the school corporation would have received in state tuition support for special education and career and technical education because of the overstatement.
Pre-2006 Recodification Citation: 21-3-1.7-3.1.
Amended by P.L. 213-2015, SEC. 211, eff. 6/30/2015.Amended by P.L. 205-2013, SEC. 273, eff. 5/8/2013.Amended by P.L. 229-2011, SEC. 206, eff. 1/1/2012.As added by P.L. 2-2006, SEC.166. Amended by P.L. 234-2007, SEC.135; P.L. 234-2007, SEC.238; P.L. 3-2008, SEC.123; P.L. 146-2008, SEC.485; P.L. 182-2009 (ss), SEC.331.