Bill Text: IN SB0375 | 2010 | Regular Session | Introduced
Bill Title: Charter school funding.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2010-01-12 - First reading: referred to Committee on Appropriations [SB0375 Detail]
Download: Indiana-2010-SB0375-Introduced.html
Citations Affected: IC 20-43-5-6.
Synopsis: Charter school funding. Provides that basic tuition support
for a charter school, excluding a conversion charter school, is based on
the countywide average foundation amount per average daily
membership (ADM) received by all school corporations located in the
county in which the charter school is located, instead of the tuition
support per ADM for the school corporation in which the charter
school is located for a charter school not located in Marion County and
instead of using the foundation amount for the school corporation
where each student has residency in the case of a charter school located
in Marion County.
Effective: July 1, 2010.
January 12, 2010, read first time and referred to Committee on Appropriations.
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education.
STEP ONE: Determine the difference of:
(A) the school corporation's foundation amount; minus
(B) the school corporation's previous year revenue foundation amount.
STEP TWO: Divide the STEP ONE result by:
(A) three (3) in 2009;
(B) two (2) in 2010; and
(C) one (1) in 2011.
STEP THREE: A school corporation's STEP THREE amount is the following:
(A) For a charter school
charter school's STEP THREE amount is the quotient of:
(i) the school corporation's countywide average transition
to foundation revenue for the calendar year using all school
corporations in the county where the charter school is
located; divided by
(ii) the school corporation's countywide average current
ADM using all school corporations in the county where
the charter school is located.
(B) For a charter school located in Marion County that has
previous year revenue that is not greater than zero (0), the
charter school's STEP THREE amount is the weighted average
of the transition to foundation revenue for the school
corporations where the students counted in the current ADM
of the charter school have legal settlement, as determined
under item (iv) of the following formula:
(i) Determine the transition to foundation revenue for each
school corporation where a student counted in the current
ADM of the charter school has legal settlement.
(ii) For each school corporation identified in item (i), divide
the item (i) amount by the school corporation's current
ADM.
(iii) For each school corporation identified in item (i),
multiply the item (ii) amount by the number of students
counted in the current ADM of the charter school that have
legal settlement in the particular school corporation.
(iv) Determine the sum of the item (iii) amounts for the
charter school.
that is not described in clause (A) or that is not a
conversion charter school (as defined in IC 20-24-1-5), the
charter school's STEP THREE amount for 2011 is the
quotient of:
(i) the countywide average transition to foundation
revenue for the calendar year using all school
corporations in the county where the charter school is
located; divided by
(ii) the countywide average current ADM using all school
corporations in the county where the charter school is
located.
(C) The STEP THREE amount for a school corporation that is
not a charter school described in clause (A) or (B) is the
following:
(i) The school corporation's foundation amount for the
calendar year if the STEP ONE amount is at least negative
one hundred fifty dollars (-$150) and not more than fifty
dollars ($50).
(ii) The sum of the school corporation's previous year
revenue foundation amount and the greater of the school
corporation's STEP TWO amount or fifty dollars ($50), if
the school corporation's STEP ONE amount is greater than
fifty dollars ($50).
(iii) The amount determined under subsection (b), if the
school corporation's STEP ONE amount is less than negative
one hundred fifty dollars (-$150).
(b) For the purposes of STEP THREE (C)(iii) in subsection (a),
determine the result of:
(1) the school corporation's previous year revenue foundation
amount; minus
(2) the greater of:
(A) one hundred fifty dollars ($150); or
(B) the result of:
(i) the absolute value of the STEP ONE amount; divided by
(ii) nine (9) in 2010, and eight (8) in 2011.
(b) This SECTION expires January 1, 2012.