Sec. 8. The amount of the stipend that a school corporation or charter schools may distribute to a teacher for a state fiscal year under this chapter must be within the following amounts: (1) For a teacher who receives a stipend for a recognition designation, three thousand five hundred dollars ($3,500). (2) For a teacher who receives a stipend for an exemplary designation, five thousand dollars ($5,000). (3) For a teacher who receives a stipend for an exemplary plus designation, seven thousand five hundred dollars ($7,500).
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