Sec. 5. In computing the annual salary of a teacher or when distributing state funds, an amount of less than fifty cents ($0.50) is dropped while an amount of fifty cents ($0.50) or more is rounded up to the next whole dollar.
Ind. Code § 20-28-9-5
Computation of annual salary of teacher or distribution of state funds; rounding to nearest dollar
As added by P.L.1-2005, SEC.12.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.