Sec. 2. As used in this chapter, "school corporation" means a school corporation that:
(1) is located in a county having a population of:
(A) more than three hundred fifty thousand (350,000) and less than four hundred thousand (400,000); or
(B) more than two hundred fifty thousand (250,000) and less than three hundred thousand (300,000); and
(2) has at least twenty thousand (20,000) students.