IN HB1451

Establishes the high achiever's award program providing eligible school corporations $500 for each student who graduates and attends a postsecondary educational institution

School corporations qualify for the award if they meet all criteria: current ADM between 3,700-4,100 students; less than 20% of students eligible for free/reduced lunch in 2010; grades 9-12 enrollment between 1,500-2,000 in 2012-2013; and four-year graduation rate exceeding 89% for each year from 2002-2010

Virtual charter schools are explicitly excluded from eligibility for the high achiever's award

Extends the expiration date of the state tuition support law from July 1, 2013, to July 1, 2015

Adds high achiever's awards to the list of distributions subject to proportional reduction if total state education funding exceeds the maximum annual distribution of approximately $6.34 billion