Indiana § 20-45-7-26 - Calculation; school corporation's distribution
Full text of Indiana Indiana Code § 20-45-7-26 — Calculation; school corporation's distribution, with citation guidance and answers to common questions.
§ 20-45-7-26. Calculation; school corporation's distribution
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.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-45-7-26
What does Indiana Code § 20-45-7-26 cover?
Section 20-45-7-26 ("Calculation; school corporation's distribution") 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 § 20-45-7-26?
A common citation format is "Indiana Code § 20-45-7-26" (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 § 20-45-7-26 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.