Indiana Code 20-43-13-4. Determination of complexity index
(1) 2023; or
Terms Used In Indiana Code 20-43-13-4
- 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) For a conversion charter school, the percentage determined under this section is the percentage of the sponsor school corporation.
(c) Except as provided in subsection (d), the complexity index for a school corporation that has entered into an agreement with one (1) or more charter schools to participate as an innovation network charter school under IC 20-25.7-5 for a state fiscal year is equal to the result using the following formula:
STEP ONE: Determine:
(A) the school corporation’s enrollment; minus
(B) the enrollment of each participating innovation network charter school.
STEP TWO: Determine the number of students in the school corporation who were receiving Supplemental Nutrition Assistance Program (SNAP) benefits, Temporary Assistance for Needy Families (TANF) benefits, or foster care services as of October 1 in the school year ending in 2023, not including students enrolled in each participating innovation network charter school.
STEP THREE: Divide the result of STEP TWO by the result of STEP ONE.
STEP FOUR: Determine the enrollment of each participating innovation network charter school.
STEP FIVE: Determine the number of students in each participating innovation network charter school who were receiving Supplemental Nutrition Assistance Program (SNAP) benefits, Temporary Assistance for Needy Families (TANF) benefits, or foster care services as of October 1 in the school year ending in the later of:
(A) 2023; or
(B) the first year of operation of the participating innovation network charter school.
STEP SIX: Divide the result of STEP FIVE by the result of STEP FOUR.
STEP SEVEN: For each participating innovation network charter school, determine the greater of:
(A) the result of STEP THREE; or
(B) the result of STEP SIX.
STEP EIGHT: For each participating innovation network charter school, multiply the result of STEP SEVEN by the result of STEP FOUR.
STEP NINE: Determine the sum of:
(A) the result of STEP TWO; plus
(B) the results of STEP EIGHT, for each participating innovation network charter school.
STEP TEN: Determine the sum of:
(A) the result of STEP ONE; plus
(B) the results of STEP FOUR for each participating innovation network charter school.
STEP ELEVEN: Divide the STEP NINE result by the STEP TEN result.
(d) If the complexity index of a participating innovation network charter school that was established before January 1, 2016, is, for the current school year, greater than the complexity index for the school corporation with which the innovation network charter school has contracted, the complexity index of the participating innovation network charter school is determined as described in IC 20-25.7-5-2(e).
As added by P.L.205-2013, SEC.301. Amended by P.L.213-2015, SEC.229; P.L.217-2017, SEC.134; P.L.108-2019, SEC.233; P.L.165-2021, SEC.168; P.L.201-2023, SEC.213.