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IN HB1480
Bill
Status
1/14/2015
Primary Sponsor
Timothy Harman
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AI Summary
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Establishes a small school grant program for state fiscal years 2015-2016 and 2016-2017 for school corporations with average daily membership (ADM) between 450 and 1,100 students, excluding charter schools.
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Schools with ADM of 500-1,001 receive a fixed grant of $300,000 per fiscal year.
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Schools with ADM of 450-500 receive $6,000 multiplied by the number of students above 450.
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Schools with ADM of 1,000-1,100 receive $300,000 minus $3,000 multiplied by the number of students above 1,000.
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Grants must be distributed before December 5 of each fiscal year and are funded from the state general fund; the program expires June 30, 2017.
Legislative Description
Small school grant. Provides a small school grant in state fiscal years 2015-2016 and 2016-2017 to school corporations, other than charter schools, that have a current average daily membership (ADM) that is greater than 450 and less than 1,100. Appropriates the amount necessary to fund the grants from the state general fund.
Last Action
Representative Goodin added as coauthor
1/26/2015