Indiana § 20-43-3-4 - Calculation; previous year revenue
Full text of Indiana Indiana Code § 20-43-3-4 — Calculation; previous year revenue, with citation guidance and answers to common questions.
§ 20-43-3-4. Calculation; previous year revenue
Sec. 4. (a) This subsection applies to the determination of a school corporation's previous year's revenue for purposes of determining distributions under this article. A school corporation's previous year revenue equals the amount determined using the following formula:
STEP ONE: Determine the school corporation's basic tuition support actually received for the state fiscal year that immediately precedes the current state fiscal year.
STEP TWO: Subtract from the STEP ONE result an amount equal to the reduction in the school corporation's state tuition support under any combination of subsection (b) or IC 20-30-2-4.
(b) A school corporation's previous year revenue must be reduced if:
(1) the school corporation's state tuition support for special education or career and technical education is reduced as a result of a complaint being filed with the department after December 31, 1988, because the school program overstated the number of children enrolled in special education programs or career and technical education programs; and
(2) the school corporation's previous year revenue has not been reduced under this subsection more than one (1) time because of a given overstatement.
The amount of the reduction equals the amount the school corporation would have received in state tuition support for special education and career and technical education because of the overstatement.
[Pre-2006 Recodification Citation: 21-3-1.7-3.1.]
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007, SEC.135; P.L.234-2007, SEC.238; P.L.3-2008, SEC.123; P.L.146-2008, SEC.485; P.L.182-2009(ss), SEC.331; P.L.229-2011, SEC.206; P.L.205-2013, SEC.273; P.L.213-2015, SEC.211.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-43-3-4
What does Indiana Code § 20-43-3-4 cover?
Section 20-43-3-4 ("Calculation; previous year revenue") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 20-43-3-4?
A common citation format is "Indiana Code § 20-43-3-4" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 20-43-3-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.