- (a) Except as provided in subsection (b), if the department approves a grant to a school corporation under this chapter, the amount of the grant from the fund is equal to the amount that the school corporation commits to contribute to the stipends.
- (b) If the number of requests for grants from the fund exceeds the amount of money in the fund, the department shall proportionately reduce the amount of each grant from the fund.
- (c) The department shall annually distribute grants to school corporations by a date determined by the state board.
As added by P.L.106-2016, SEC.14.