The School Board shall establish a fund for the preschool education of students who meet the criteria for special education. The Corporation shall impose annually an ad valorem property tax on each $100.00 of assessed valuation and deposit the payments in the fund. The amount of the tax shall be determined by State statute. Additional payments to the fund will be made by the State Auditor in compliance with the formula established by State statute.

I.C. 21-2-17

Revised 11/04