(a) The fiscal and qualitative indicators committee shall do the following each year:
- (1) Review the fiscal and qualitative indicators used under this chapter to evaluate the financial condition of school corporations.
- (2) Determine if it is appropriate to change one (1) or more of the fiscal and qualitative indicators.
- (b) Before the fiscal and qualitative indicators committee may change a fiscal or qualitative indicator, the fiscal and qualitative indicators committee must first submit a report in an electronic format to the state budget committee specifying the proposed change in the fiscal or qualitative indicator.
As added by P.L.213-2018(ss), SEC.15.