Ind. Code ch. 20-43-3

Ind. Code ch. 20-43-3
in effect

Ind. Code § 20-43-3-1 Rounding conventions

Sec. 1. If a computation under this article results in a fraction and a rounding rule is not specified, the fraction shall be rounded as follows: (1) All calculations related to the complexity index shall be computed by rounding to the nearest ten thousandth (0.0001). (2) All tuition support distributions shall be computed by rounding the levy or tuition support distribution to the nearest dollar ($1) amount. (3) The fraction calculated in IC 20-43-2-4 shall be computed by rounding to the nearest one millionth (0.000001). (4) If a calculation is not covered by subdivision (1), (2), or (3), the result of the calculation shall be rounded to the nearest one hundredth (0.01). [Pre-2006 Recodification Citation: 21-3-1.7-7.] As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007, SEC.237; P.L.146-2008, SEC.483.

Ind. Code § 20-43-3-2 Repealed

[Pre-2006 Recodification Citation: 21-3-1.7-2(a).] As added by P.L.2-2006, SEC.166. Repealed by P.L.229-2011, SEC.276.

Ind. Code § 20-43-3-3 Repealed

[Pre-2006 Recodification Citation: 21-3-1.7-2(b).] As added by P.L.2-2006, SEC.166. Amended by P.L.146-2008, SEC.484. Repealed by P.L.1-2010, SEC.156.

Ind. Code § 20-43-3-4 Calculation; previous year revenue

Sec. 4. (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.] 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; P.L.229-2011, SEC.206; P.L.205-2013, SEC.273; P.L.213-2015, SEC.211.

Ind. Code § 20-43-3-5 Repealed

[Pre-2006 Recodification Citation: 21-3-1.7-5.] As added by P.L.2-2006, SEC.166. Repealed by P.L.146-2008, SEC.807.

Ind. Code § 20-43-3-6 Repealed

[Pre-2006 Recodification Citation: 21-3-1.6-1.1(f).] As added by P.L.2-2006, SEC.166. Repealed by P.L.146-2008, SEC.807.

Ind. Code § 20-43-3-7 Count adjustments and distribution adjustments

Sec. 7. (a) This section applies to distributions under this article that are computed in any part based on a count of students under IC 20-43-4-2. (b) If the state board subsequently adjusts under IC 20-43-4-3.5 a count used for a distribution under this article, the department shall adjust subsequent distributions to the school corporation that are affected by the adjusted count, on the schedule determined by the department, to reflect the differences between the distribution that the school corporation received and the distribution that the school corporation would have received if the adjusted count had been used. As added by P.L.205-2013, SEC.274. Amended by P.L.213-2015, SEC.212; P.L.130-2022, SEC.4.

Ind. Code § 20-43-3-8 Foundation amount

Sec. 8. A school corporation's foundation amount is the following: (1) Six thousand nine hundred sixty-seven dollars ($6,967) for the state fiscal year beginning July 1, 2025. (2) Seven thousand seventy-one dollars ($7,071) for the state fiscal year beginning July 1, 2026. As added by P.L.217-2017, SEC.119. Amended by P.L.108-2019, SEC.221; P.L.165-2021, SEC.160; P.L.201-2023, SEC.200; P.L.213-2025, SEC.186.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/20Fetched: 10/17/2026