Early graduation award calculation

Sec. 2. Subject to section 1 of this chapter, a school corporation's early graduation award for a state fiscal year is the amount determined using the following formula: STEP ONE: Determine the number of students who met the following conditions during the student's expected graduation year (as defined in IC 20-26-13-4) for the school year ending in the previous state fiscal year: (A) The student was enrolled in the school corporation on the fall count day of ADM established under IC 20-43-4-3. (B) The student successfully completed Indiana high school graduation requirements before the day in February fixed by the state board for the spring count of students under IC 20-43-4-3. (C) The student was not enrolled in the school corporation on the day in February fixed by the state board for the spring count of students under IC 20-43-4-3. STEP TWO: Multiply the STEP ONE result by one thousand five hundred dollars ($1,500). As added by P.L.201-2023, SEC.212.