Calculation; school corporation's distribution

Sec. 26. The entitlement of each qualified school corporation from the fund for each calendar year is the greater of: (1) the amount of its entitlement for calendar year 2000 from the tax levied under this chapter; or (2) an amount equal to twenty-seven dollars and fifty cents ($27.50) times its current ADM as determined in the fall count of ADM conducted in the school year ending in the current calendar year. [Pre-2006 Recodification Citation: 21-2-12-6.1(b).] As added by P.L.2-2006, SEC.168. Amended by P.L.205-2013, SEC.304.