Sec. 10. Subject to section 15 of this chapter (before its expiration), on July 1 of each year, the state board shall determine whether a freeway school corporation or freeway school that has completed:
(1) a second, third, or fourth complete school year under a contract entered under this chapter has achieved the scheduled improvement in educational benefits that the freeway school corporation or freeway school has agreed to achieve;
(2) a fifth complete school year under a contract entered under this chapter has achieved the educational benefits that the freeway school corporation or freeway school has agreed to achieve; or
(3) more than five (5) full school years under a contract entered under this chapter has maintained the educational benefits that the freeway school corporation or freeway school has agreed to maintain.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-62-10.]
As added by P.L.1-2005, SEC.10. Amended by P.L.108-2018, SEC.3.