(A) For purposes of this section:
(1) "Formula amount" has the same meaning as in section 3317.02 of the Revised Code.
(2) "Four-year adjusted cohort graduation rate" has the same meaning as in section 3302.01 of the Revised Code.
(B) In addition to the payments made under section 3326.33 of the Revised Code, the department of education shall annually pay to each science, technology, engineering, and mathematics school a graduation bonus calculated according to the following formula:
The school's four-year adjusted cohort graduation rate on its most recent report card issued by the department under section 3302.03 of the Revised Code X 0.075 X the formula amount X the number of the school's graduates reported to the department, in accordance with the guidelines adopted under section 3301.0714 of the Revised Code, for the same school year for which the most recent report card was issued
Added by 131st General Assembly File No. TBD, HB 64, ยง101.01, eff. 9/29/2015.
Section: Previous 3326.33 3326.34 3326.35 3326.36 3326.37 3326.38 3326.39 3326.40 3326.41 3326.45 3326.49 3326.50 3326.51 3326.99 NextLast modified: October 10, 2016