Sec. 3. (a) Subject to section 3.7 of this chapter and subsection (b), the state board shall make an ADM count of the eligible pupils enrolled in each school corporation two (2) times each school year, with one (1) count date occurring in each of the following periods:
(1) The fall count of ADM shall be made on October 1 or another date set by the board to align the count of ADM with the federal pupil enrollment count.
(2) The spring count of ADM shall be made on a day during February fixed by the state board.
(b) If the fall count day of ADM falls on a Saturday, Sunday, national legal holiday recognized by the federal government, or a statewide holiday, the fall count of ADM shall be made on the immediately following day that is not a Saturday, Sunday, or national or statewide holiday.