(a) Subject to sections 5 and 10 of this chapter, the annual grant amount under section 2 of this chapter for an eligible student equals, subject to subsection (b), ninety percent (90%) of the amount determined in the last STEP of the following formula:
- (A) the STEP TWO amount; divided by
- (B) the current ADM (as defined in IC 20-43-1-10 ) for the school corporation identified under STEP ONE for the state fiscal year used in STEP TWO.
STEP ONE: Determine the school corporation in which the eligible student has legal settlement.
STEP TWO: Determine the amount of state tuition support that the school corporation identified under STEP ONE is eligible to receive under IC 20-43-6 for the state fiscal year in which the immediately preceding school year begins. The amount does not include amounts provided for special education grants under IC 20-43-7 , career and technical education grants under IC 20-43-8 , or grants under IC 20-43-10 .
STEP THREE: Determine the result of:
- (b) An eligible student may choose to receive special education services from the school corporation required to provide the special education services to the eligible student under 511 IAC 7-34-1. However, if an eligible student described in subsection (a) chooses not to receive special education or related services from a school corporation required to provide the services to the eligible student under 511 IAC 7-34-1, the annual grant amount for the eligible student shall, in addition to the amount described in subsection (a), include the amount the school corporation would receive under IC 20-43-7 for the eligible student if the eligible student attended the school corporation.
- (c) The annual grant amounts provided in subsection (a) shall be rounded as provided in IC 20-43-3-1 (4).
As added by P.L.165-2021, SEC.180.