Students attending the academy shall do so on a full-time basis with the costs of their education being shared by the state and the district of residence as set forth under § 16-7.2-5. Notwithstanding the provisions of any law to the contrary, the district of residence shall be responsible for its share of school funding as provided herein for all district residents attending the academy who meet the enrollment requirements set forth in § 16-114-6. The academy shall be eligible to receive state or federal aid, grants, Medicaid revenue, and any other state or federal revenue as a local educational agency according to applicable federal and state law.
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