Ind. Code § 20-43-13-3

Sec. 3. The total amount to be distributed under this chapter to a school corporation or charter school for a state fiscal year is the amount determined using the following formula:

STEP ONE: Determine the product of:

(A) the school corporation's complexity index determined under section 4 of this chapter; multiplied by

(B) three thousand five hundred thirty-nine dollars ($3,539).

STEP TWO: Determine the product of:

(A) the STEP ONE result; multiplied by

(B) the school corporation's current ADM.

STEP THREE: This STEP applies only to a school corporation that has at least eighteen percent (18%) of its ADM eligible for the English language learners program and that experienced a percentage decrease of at least forty-five percent (45%) in the school corporation's complexity index for the school year ending in 2017 compared to the school corporation's complexity index for the current school year. Determine the result of:

(A) the STEP TWO amount; plus

(B) the result of: