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IN HB1043
Bill
Status
1/5/2016
Primary Sponsor
Randall Frye
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AI Summary
HB 1043 Summary
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Establishes a new small school grant program for school corporations with average daily membership (ADM) below 2,400 and a complexity index greater than 0.1, excluding charter schools.
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Grant amounts vary based on complexity index: corporations with complexity index above 0.2 receive up to $192 per ADM, while those between 0.1 and 0.2 receive up to $91 per ADM, with the lesser of two calculated amounts applied.
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Appropriates an unspecified amount from the state general fund sufficient to distribute grants for the fiscal year beginning July 1, 2016 and ending June 30, 2017.
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Adds small school grants to the list of education funding categories subject to proportional reduction if appropriations are exceeded during a fiscal year.
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Effective date is July 1, 2016, with the appropriation provision expiring July 1, 2017.
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 2016-2017 fiscal year.
Last Action
First reading: referred to Committee on Ways and Means
1/5/2016