The total amount to be distributed under this chapter to a school corporation or charter school for a state fiscal year is the amount determined using the following formula:

1. (A) the school corporation's complexity index determined under section 4 of this chapter; multiplied by

2. (B) three thousand five hundred thirty-nine dollars ($3,539).

   STEP TWO: Determine the product of:

3. (A) the STEP ONE result; multiplied by

4. (B) the school corporation's current ADM.

   STEP THREE: This STEP applies only to a school corporation that has at least eighteen percent (18%) of its ADM eligible for the English language learners program and that experienced a percentage decrease of at least forty-five percent (45%) in the school corporation's complexity index for the school year ending in 2017 compared to the school corporation's complexity index for the current school year. Determine the result of:

5. (A) the STEP TWO amount; plus

6. (B) the result of:

   1. (i) the school corporation's current ADM; multiplied by
   2. (ii) one hundred twenty-eight dollars ($128).

STEP ONE: Determine the product of:

As added by P.L.205-2013, SEC.301. Amended by P.L.37-2014, SEC.2; P.L.5-2015, SEC.49; P.L.213-2015, SEC.228; P.L.217-2017, SEC.133.