2021 Indiana Code
Title 20. Education
Article 28. School Teachers
Chapter 9. Salary and Related Payments
20-28-9-27. Annual School Corporation Expenditure for Teacher Salaries; Prohibited Decrease in Certain Circumstances

Sec. 27. (a) As used in this section, "funding floor" means the amount a school corporation expended for teacher salaries during a particular state fiscal year.

(b) Subject to subsections (c) and (d), if the amount of state tuition support distributed to a school corporation for a particular state fiscal year is greater than the amount of state tuition support distributed to the school corporation for the preceding state fiscal year, the school corporation may not expend an amount for full-time teacher salaries during the particular state fiscal year that is less than the funding floor for the preceding state fiscal year.

(c) For purposes of this subsection, stipends paid using teacher appreciation grants under IC 20-43-10-3.5 are not considered. If a school corporation has awarded stipends to a majority of the school corporation's teachers in each of the two (2) preceding consecutive state fiscal years, an amount equal to the lesser of the total amount of stipends awarded in each of those state fiscal years shall be added to the school corporation's funding floor for the preceding state fiscal year described under subsection (b).

(d) A school corporation may apply for a waiver from the department of the prohibition under subsection (b). The department may grant a waiver to a school corporation if the school corporation's enrollment for the school year during that particular state fiscal year is less than the enrollment in the school year during the preceding state fiscal year.

As added by P.L.165-2021, SEC.155.