Sec. 6. The annual grant amount for a school for a state fiscal year is the following:

(1) For the state fiscal year beginning July 1, 2021:

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Terms Used In Indiana Code 20-24-13-6

  • 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.
  • school: refers to a charter school or an innovation network school described in section 1(a)(2) of this chapter. See Indiana Code 20-24-13-2
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(A) one thousand dollars ($1,000); multiplied by

(B) the number of eligible pupils who are counted in the current ADM of the school.

(2) For the state fiscal year beginning July 1, 2022:

(A) one thousand two hundred fifty dollars ($1,250); multiplied by

(B) the number of eligible pupils who are counted in the current ADM of the school.

(3) For the state fiscal year beginning July 1, 2023, and each state fiscal year thereafter:

(A) one thousand four hundred dollars ($1,400); multiplied by

(B) the number of eligible pupils who are counted in the current ADM of the school.

As added by P.L.213-2015, SEC.162. Amended by P.L.108-2019, SEC.211; P.L.165-2021, SEC.152; P.L.201-2023, SEC.158.