1. (a) Except as provided under section 15 of this chapter (before its expiration), a school corporation that enters into a contract under this chapter to:

   1. (1) be a freeway school corporation; or

   2. (2) operate a freeway school;

      must achieve the educational benefits that the school corporation agrees in the contract to achieve.

2. (b) Except as provided under section 15 of this chapter (before its expiration), if a school corporation that enters into a contract under this chapter to be a freeway school corporation or to operate a freeway school fails to achieve any of the educational benefits agreed upon in the contract at the end of a school year:

   1. (1) the state board shall review the school corporation's plan and schedule for achieving the educational benefits, and, if necessary, modify the plan; and
   2. (2) the year in which the educational benefits are not achieved is not included in the five (5) year contract period.

3. (c) Except as provided under section 15 of this chapter (before its expiration), a contract is void and a school corporation ceases immediately to be a freeway school corporation or to be eligible to operate a freeway school if:

   1. (1) the school corporation or school has previously undergone a plan and schedule review under subsection (b); and

   2. (2) the state board determines that the school corporation or school failed to achieve the following that the school corporation agreed to achieve in the contract:

      1. (A) at the end of the second, third, or fourth complete school year after a contract is signed under this chapter, two (2) of the three (3) scheduled improvements in educational benefits that are listed in section 7 of this chapter; or

      2. (B) at the end of the fifth complete school year after a contract is signed under this chapter, the educational benefits stated in the contract.

         [Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-62-11.]

As added by P.L.1-2005, SEC.10. Amended by P.L.108-2018, SEC.4.