HB 1315 Summary

• Establishes an advance distribution of state tuition support to school corporations in the first six months of a calendar year to address fiscal year and calendar year mismatches affecting choice scholarship payments.

• Limits advance distributions to the amount by which state tuition support payments are reduced due to students transferring to private schools using choice scholarships, with calculation based on 50% of the reduced support amount.

• Appropriates sufficient funds from the state general fund to support these advance distributions from January 1, 2012 through June 30, 2013.

• Caps choice scholarship payments to the total amount of state tuition support that would have been paid for students who transferred from public to private schools, and prohibits reducing school corporation tuition support distributions if scholarship funding falls short.

• Effective dates: July 1, 2011 (retroactive) for scholarship payment limits and January 1, 2012 (retroactive) for advance distribution provisions.