(1) The terms defined in Section 53E-10-301 apply to this section.

(2) The state board shall allocate money appropriated for concurrent enrollment in accordance with this section.

(3) (a) The state board shall allocate money appropriated for concurrent enrollment in proportion to the number of credit hours earned for courses taken where: (i) an LEA primarily bears the cost of instruction; and (ii) an institution of higher education primarily bears the cost of instruction. (b) From the money allocated under Subsection (3)(a)(i), the state board shall distribute: (i) 60% of the money to LEAs; and (ii) 40% of the money to the State Board of Regents. (c) From the money allocated under Subsection (3)(a)(ii), the state board shall distribute: (i) 40% of the money to LEAs; and (ii) 60% of the money to the State Board of Regents. (d) The state board shall make rules providing for the distribution of the money to LEAs under Subsections (3)(b)(i) and (3)(c)(i). (e) The State Board of Regents shall make rules providing for the distribution of the money allocated to institutions of higher education under Subsections (3)(b)(ii) and (3)(c)(ii).

(a) The state board shall allocate money appropriated for concurrent enrollment in proportion to the number of credit hours earned for courses taken where: (i) an LEA primarily bears the cost of instruction; and (ii) an institution of higher education primarily bears the cost of instruction.

(i) an LEA primarily bears the cost of instruction; and

(ii) an institution of higher education primarily bears the cost of instruction.

(b) From the money allocated under Subsection (3)(a)(i), the state board shall distribute: (i) 60% of the money to LEAs; and (ii) 40% of the money to the State Board of Regents.

(i) 60% of the money to LEAs; and

(ii) 40% of the money to the State Board of Regents.

(c) From the money allocated under Subsection (3)(a)(ii), the state board shall distribute: (i) 40% of the money to LEAs; and (ii) 60% of the money to the State Board of Regents.

(i) 40% of the money to LEAs; and

(ii) 60% of the money to the State Board of Regents.

(d) The state board shall make rules providing for the distribution of the money to LEAs under Subsections (3)(b)(i) and (3)(c)(i).

(e) The State Board of Regents shall make rules providing for the distribution of the money allocated to institutions of higher education under Subsections (3)(b)(ii) and (3)(c)(ii).

(4) Subject to budget constraints, the Legislature shall annually increase the money appropriated for concurrent enrollment in proportion to the percentage increase over the previous school year in: (a) kindergarten through grade 12 student enrollment; and (b) the value of the weighted pupil unit.

(a) kindergarten through grade 12 student enrollment; and

(b) the value of the weighted pupil unit.

(5) If an LEA receives an allocation of less than $10,000 under this section, the LEA may use the allocation as described in Section 53F-2-206.