State funds; distribution formula
Sec. 8. For purposes of computing the amount of state funds to be
distributed to a school corporation under a formula in which adjusted
assessed valuation is a factor, the school corporation's adjusted
assessed valuation, except as otherwise specifically provided by law,
equals the product of (1) the assessed valuation of the property
within the school district, multiplied by (2) the school corporation's
current adjustment factor.
(Formerly: Acts 1975, P.L.47, SEC.1.)
Last modified: May 28, 2006