Note: This version of section effective until 1-1-2019. See also following version of this section, effective 1-1-2019.

1. (1) transfer tuition payments that the school corporation is required to pay for students transferring from the school corporation; and

2. (2) transfer tuition payments that the school corporation is entitled to receive on behalf of students transferring to the school corporation.

   A school corporation shall send a preliminary statement of the amount of transfer tuition due to the state agency and to any school corporation that owes transfer tuition to the school corporation.

3. (b) Not later than October 1 following the end of a school year, a school corporation shall send a final statement of the amount of transfer tuition due to the state agency and to any school corporation that owes transfer tuition to the school corporation.

4. (c) A statement sent under subsection (a) or (b) must include the following:

   1. (1) A statement, to the extent known, of all transfer tuition costs chargeable to the state or school corporation for the school year ending in the current calendar year.
   2. (2) A statement of any transfer tuition costs chargeable to the state or school corporation and not previously billed for the school year ending in the immediately preceding calendar year.
   3. (3) A statement of any transfer tuition costs previously billed to the state or school corporation and not yet paid.
5. (d) Transfer tuition for each school year shall be paid by the transferor corporation or state, if the entity is obligated to pay the tuition, in not more than four (4) installments. These installments must be paid not later than October 30, January 10, April 10, and July 10 following the school year in which the obligation is incurred, unless another schedule is mutually agreed upon.

6. (e) Payment of operating costs shall be paid from and receipted to the respective general funds of the transferor and transferee corporations. Payment of capital costs shall be made by the transferor corporation at its discretion from any fund or source and shall be receipted by the transferee corporation at its discretion either to the capital projects fund or to the debt service fund, or if the transferee corporation has neither of these two (2) funds, to its general fund.

   [Pre-2005 Elementary and Secondary Education Recodification Citation: 20-8.1-6.1-9.]

Sec. 14. (a) Not later than March 1, a school corporation shall estimate the:

As added by P.L.1-2005, SEC.10.