For the purposes of 6 CAR § 231-401 – 231-403, the following definitions apply:

1. (1) “Annexation” includes both annexation and administrative annexation as defined in 6 CAR § 231-102;
2. (2) “Consolidation” includes both consolidation and administrative consolidation as defined in 6 CAR § 231-102;

3. (3)

   1. (A) “Foundation funding” means an amount of money specified by the General Assembly for each school year to be expended by school districts for the provision of an adequate education for each student.
   2. (B) “Funding factor” means a factor established by the Division of Elementary and Secondary Education to ensure that the calculated funding does not exceed the funds available for consolidation/annexation incentive funding; and
4. (4) “Per-student foundation funding amount” means a dollar amount established by the General Assembly to be multiplied by the ADM of the previous school year for the district foundation funding.

Codification Notes: “ADM” means average daily membership.