1. (a) This section applies to reimbursements made under this chapter in the state fiscal year beginning after June 30, 2013.

2. (b) The amount of reimbursement that a school corporation or an accredited nonpublic school is entitled to receive under section 7 of this chapter in a state fiscal year is equal to the amount determined in the following STEPS:

   1. (A) the STEP THREE result; by
   2. (B) the number of eligible students for which reimbursement was requested under section 7 or 9 of this chapter before November 1 of the state fiscal year by the school corporation or the accredited nonpublic school.

   STEP ONE: Determine the amount appropriated to make reimbursements under this chapter for the state fiscal year.

   STEP TWO: Determine the total number of eligible students for which reimbursement was requested under either section 7 or 9 of this chapter before November 1 of the previous calendar year by all school corporations and accredited nonpublic schools.

   STEP THREE: Divide the result determined in STEP ONE by the number determined in STEP TWO.

   STEP FOUR: Multiply:

As added by P.L.229-2011, SEC.194. Amended by P.L.205-2013, SEC.258.