Sec. 20. (a) Except as provided in subsection (b), in a state fiscal year, the department shall distribute grants to only two (2) groups of school corporations with each of the two (2) groups receiving fifty percent (50%) of the group's total grant amount.
(b) In state fiscal year 1996-1997:
(1) the department shall begin grant distribution under sections 13 through 24 of this chapter; and
(2) the school corporations in group one shall receive one hundred percent (100%) of the group's total grant.
(c) Beginning in state fiscal year 1997-1998, the department shall:
(1) distribute grants so that school corporations in group two receive:
(A) fifty percent (50%) of group two's total grant in the first year of distribution; and
(B) fifty percent (50%) of group two's total grant in the second year of distribution; and
(2) continue in group number sequence so that school corporations in each group receive:
(A) fifty percent (50%) of the group's total grant in the first year of distribution to the group; and
(B) fifty percent (50%) of the group's total grant in the second year of distribution to the group.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-10.1-25.3-12.]
As added by P.L.1-2005, SEC.4.