Computation of annual salary of teacher or distribution of state funds; rounding to nearest dollar

Ind. Code § 20-28-9-5
in effect
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Sec. 5. In computing the annual salary of a teacher or when distributing state funds, an amount of less than fifty cents ($0.50) is dropped while an amount of fifty cents ($0.50) or more is rounded up to the next whole dollar. [Pre-2005 Elementary and Secondary Education Recodification Citation: 20-6.1-5-2(c).] As added by P.L.1-2005, SEC.12.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/20Fetched: 10/17/2026

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