1. (a) For each school year using the 2005-2006 school year as a baseline:

   1. (1) the office of management and budget shall analyze and report to the state board, the governor, and the general assembly the ratio of student instructional expenditures to all other expenditures for the previous school year; and

   2. (2) each school corporation shall submit a report or make available to the department in a form and manner determined by the department the percentage of resources spent by the school corporation during the previous school year on each of the following categories of expenditures:

      1. (A) Student academic achievement expenditures.
      2. (B) Student instructional support expenditures.
      3. (C) Overhead and operational expenditures.
      4. (D) Nonoperational expenditures.

2. (b) The reports to the general assembly under subsection (a)(1) must be submitted to the executive director of the legislative services agency in an electronic format under IC 5-14-6 .

   [Pre-2007 Higher Education Recodification Citation: 21-10-3-5.]

As added by P.L.2-2007, SEC.240. Amended by P.L.233-2015, SEC.300; P.L.130-2018, SEC.90; P.L.74-2026, SEC.150.