(1) As used in this section, "eligible low-income student" means a student who: (a) takes an Advanced Placement test; (b) has applied for an Advanced Placement test fee reduction; and (c) qualifies for a free lunch or a lunch provided at reduced cost.

(a) takes an Advanced Placement test;

(b) has applied for an Advanced Placement test fee reduction; and

(c) qualifies for a free lunch or a lunch provided at reduced cost.

(2) The state board shall distribute money appropriated for the Enhancement for Accelerated Students Program to school districts and charter schools according to a formula adopted by the state board, after consultation with LEA governing boards.

(3) A distribution formula adopted under Subsection (2) may include an allocation of money for: (a) Advanced Placement courses; (b) Advanced Placement test fees of eligible low-income students; (c) gifted and talented programs, including professional development for teachers of high ability students; and (d) International Baccalaureate programs.

(a) Advanced Placement courses;

(b) Advanced Placement test fees of eligible low-income students;

(c) gifted and talented programs, including professional development for teachers of high ability students; and

(d) International Baccalaureate programs.

(4) The greater of 1.5% or $100,000 of the appropriation for the Enhancement for Accelerated Students Program may be allowed for International Baccalaureate programs.

(5) A school district or charter school shall use money distributed under this section to enhance the academic growth of students whose academic achievement is accelerated.

(6) The state board shall develop performance criteria to measure the effectiveness of the Enhancement for Accelerated Students Program.

(7) If a school district or charter school receives an allocation of less than $10,000 under this section, the school district or charter school may use the allocation as described in Section 53F-2-206.