1. (a) Each applicable state fiscal year, the department, in consultation with the commission for higher education, shall determine the following with respect to each school corporation:

   1. (1) Each student who:

      1. (A) was enrolled in the school corporation in the state fiscal year before the immediately preceding state fiscal year; and

      2. (B) successfully completed a dual credit or dual enrollment course.

         The amount of a school corporation's grant based on a student described under this subdivision is equal to, for the state fiscal year beginning July 1, 2025, and ending June 30, 2026, the number of credit hours completed by the student multiplied by forty dollars ($40), but may not exceed one thousand two hundred dollars ($1,200).

   2. (2) Each student who:

      1. (A) was enrolled in the school corporation in the state fiscal year before the immediately preceding state fiscal year; and

      2. (B) successfully completed Indiana College Core 30 ( IC 21-42-3 ).

         The amount of a school corporation's grant based on a student under this subdivision is equal to, for the state fiscal year beginning July 1, 2025, and ending June 30, 2026, one thousand four hundred ninety-one dollars ($1,491), and for the state fiscal year beginning July 1, 2026, and ending June 30, 2027, one thousand four hundred ninety-seven dollars ($1,497).

   3. (3) Each student who:

      1. (A) was enrolled in the school corporation in the state fiscal year before the immediately preceding state fiscal year; and

      2. (B) successfully completed requirements for an associate degree, including those earned through transfer as a junior pathways.

         The amount of a school corporation's grant based on a student under this subdivision is equal to, for the state fiscal year beginning July 1, 2025, and ending June 30, 2026, two thousand four hundred eighty-six dollars ($2,486), and for the state fiscal year beginning July 1, 2026, and ending June 30, 2027, two thousand four hundred ninety-five dollars ($2,495).

   4. (4) Each student who:

      1. (A) was enrolled in the school corporation in the previous state fiscal year; and

      2. (B) successfully completed requirements for an honors employment plus seal.

         The amount of a school corporation's grant based on a student under this subdivision is equal to two thousand four hundred ninety-five dollars ($2,495) for the state fiscal year beginning July 1, 2026, and ending June 30, 2027.

   5. (5) Each student who:

      1. (A) was enrolled in the school corporation in the previous state fiscal year; and

      2. (B) successfully completed requirements for an honors enrollment plus seal.

         The amount of a school corporation's grant based on a student under this subdivision is equal to two thousand four hundred ninety-five dollars ($2,495) for the state fiscal year beginning July 1, 2026, and ending June 30, 2027.

   6. (6) Each student who:

      1. (A) was enrolled in the school corporation in the previous state fiscal year; and

      2. (B) successfully completed requirements for an honors enlistment plus seal.

         The amount of a school corporation's grant based on a student under this subdivision is equal to eight hundred seventy-three dollars ($873) for the state fiscal year beginning July 1, 2026, and ending June 30, 2027.

2. (b) To be eligible to be counted under subsection (a)(1), a credit completed must be accepted as part of the Indiana core transfer library under IC 21-42-5-1 .

As added by P.L.201-2023, SEC.212. Amended by P.L.213-2025, SEC.196.