Indiana Code 20-43-10.5-4. Academic achievement awards calculation
(1) Each student who:
Terms Used In Indiana Code 20-43-10.5-4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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) successfully completed a dual credit or dual enrollment course.
The amount of a school corporation’s grant based on a student described under this subdivision is equal to the number of credit hours completed by the student multiplied by forty dollars ($40), but may not exceed one thousand two hundred dollars ($1,200).
(2) Each student who:
(A) was enrolled in the school corporation in the state fiscal year before the immediately preceding state fiscal year; and
(B) successfully completed Indiana College Core 30 (IC 21-42-3).
The amount of a school corporation’s grant based on a student under this subdivision is equal to one thousand five hundred dollars ($1,500).
(3) Each student who:
(A) was enrolled in the school corporation in the state fiscal year before the immediately preceding state fiscal year; and
(B) successfully completed requirements for an associate degree, including those earned through transfer as a junior pathways.
The amount of a school corporation’s grant based on a student under this subdivision is equal to two thousand five hundred dollars ($2,500).
(b) To be eligible to be counted under subsection (a)(1), a credit completed must be accepted as part of the Indiana core transfer library under IC 21-42-5-1.
As added by P.L.201-2023, SEC.212.