Sec. 20. (a) Except as provided in subsection (b), in a state fiscal year, the department shall distribute grants to only two (2) groups of school corporations with each of the two (2) groups receiving fifty percent (50%) of the group’s total grant amount.

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Terms Used In Indiana Code 20-20-13-20

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) In state fiscal year 1996-1997:

(1) the department shall begin grant distribution under sections 13 through 24 of this chapter; and

(2) the school corporations in group one shall receive one hundred percent (100%) of the group’s total grant.

     (c) Beginning in state fiscal year 1997-1998, the department shall:

(1) distribute grants so that school corporations in group two receive:

(A) fifty percent (50%) of group two’s total grant in the first year of distribution; and

(B) fifty percent (50%) of group two’s total grant in the second year of distribution; and

(2) continue in group number sequence so that school corporations in each group receive:

(A) fifty percent (50%) of the group’s total grant in the first year of distribution to the group; and

(B) fifty percent (50%) of the group’s total grant in the second year of distribution to the group.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-10.1-25.3-12.]

As added by P.L.1-2005, SEC.4.

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