Authors: Representative Philip GiaQuinta
Provides that the education roundtable, with approval by the state board of education, shall develop the rewarding innovation, technology, and excellence (RITE) program to award grants to school corporations whose schools have exhibited improvement toward benchmarks developed by the state board of education. Provides that a school corporation that applies for a grant under the RITE program must demonstrate how the school corporation's: (1) innovation; (2) use of technology; or (3) other efforts to achieve excellence; have led to improvement in meeting the benchmarks. Specifies that grants under the RITE program must be made from the state general fund. Provides that the amounts necessary to make grants under the RITE program are appropriated from the state general fund. Provides that a school corporation receiving a grant under the RITE program must match the grant at a rate that is at least $1 of local money for each $1 granted to the school corporation. Limits to $50,000 the total amount of all grants that may be made to a particular school corporation under the RITE program. Limits to $1,000,000 the total amount of all grants that may be made to all school corporations under the RITE program for all state fiscal years.