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2021 Indiana Code
Title 20. Education
Article 45. General Fund Levies
Chapter 7. Supplemental County Levy; Lake County
20-45-7-26. Calculation; School Corporation's Distribution
Universal Citation: IN Code § 20-45-7-26 (2021)
Sec. 26. The entitlement of each qualified school corporation from the fund for each calendar year is the greater of:
(1) the amount of its entitlement for calendar year 2000 from the tax levied under this chapter; or
(2) an amount equal to twenty-seven dollars and fifty cents ($27.50) times its current ADM as determined in the fall count of ADM conducted in the school year ending in the current calendar year.
[Pre-2006 Recodification Citation: 21-2-12-6.1(b).]
As added by P.L.2-2006, SEC.168. Amended by P.L.205-2013, SEC.304.
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