The annual grant amount for a school for a state fiscal year is the following:

1. (1) For the state fiscal year beginning July 1, 2021:

   1. (A) one thousand dollars ($1,000); multiplied by
   2. (B) the number of eligible pupils who are counted in the current ADM of the school.

2. (2) For the state fiscal year beginning July 1, 2022:

   1. (A) one thousand two hundred fifty dollars ($1,250); multiplied by
   2. (B) the number of eligible pupils who are counted in the current ADM of the school.

3. (3) For the state fiscal year beginning July 1, 2023, and each state fiscal year thereafter:

   1. (A) one thousand four hundred dollars ($1,400); multiplied by
   2. (B) the number of eligible pupils who are counted in the current ADM of the school.

As added by P.L.213-2015, SEC.162. Amended by P.L.108-2019, SEC.211; P.L.165-2021, SEC.152; P.L.201-2023, SEC.158.