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IN HB1095
Bill
Status
1/6/2015
Primary Sponsor
Randall Frye
Click for details
AI Summary
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Reestablishes a small school grant program for school corporations with average daily membership (ADM) below 2,400 and a complexity index greater than 0.1, effective July 1, 2015.
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Excludes charter schools from the small school grant program.
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Provides two grant calculation formulas based on complexity index: schools with complexity index greater than 0.2 receive grants up to $192 per ADM, while schools with complexity index between 0.1 and 0.2 receive grants up to $91 per ADM.
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Appropriates funds from the state general fund sufficient to distribute grants for the period July 1, 2015 through June 30, 2017, with the appropriation authority expiring July 1, 2017.
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Adds small school grants to the list of education funding categories in the proportional reduction provision if total appropriations are exceeded.
Legislative Description
Small school grants. Reestablishes a small school grant for school corporations having a current ADM (average daily membership) of less than 2,400 and a complexity index of at least 0.1. Appropriates from the state general fund an amount sufficient to make the grants for the 2015-2017 biennium.
Last Action
First Reading: referred to Committee on Ways and Means
1/6/2015