(A) For purposes of this section, "four-year adjusted cohort graduation rate" has the same meaning as in section 3302.01 of the Revised Code.
(B) The department of education shall annually calculate a graduation bonus for each city, local, and exempted village school district according to the following formula:
The district's four-year adjusted cohort graduation rate on its most recent report card issued by the department under section 3302.03 of the Revised Code X 0.075 X the formula amount X the number of the district's graduates reported to the department, in accordance with the guidelines adopted under section 3301.0714 of the Revised Code, for the same school year for which the most recent report card was issued X the district's state share index
Added by 131st General Assembly File No. TBD, HB 64, §101.01, eff. 9/29/2015.
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