1. (a) Each 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 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 one thousand five hundred dollars ($1,500).

   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 two thousand five hundred dollars ($2,500).

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.