DIGEST OF INTRODUCED BILL
RITE program grants. Provides that the department of education shall develop the rewarding innovation, technology, and excellence program (RITE) to provide grants rewarding schools that have exhibited improvement toward benchmarks established by the state board of education. Provides that a school corporation that applies for a grant under the RITE program must demonstrate how the school corporation's: (1) innovation; (2) use of technology; or (3) other efforts to achieve excellence; have led to improvement in meeting the benchmarks. Specifies that grants under the RITE program must be made from the innovation fund. Provides that the amounts necessary to make grants under the RITE program are appropriated from the innovation fund. Provides that a school corporation receiving a grant under the RITE program must match the grant at a rate that is at least $1 of local money for each $1 granted to the school corporation. Limits the total amount of all grants that may be made to a particular school corporation under the RITE program to $50,000. Limits the total amount of all grants that may be made to all school corporations under the RITE program for all state fiscal years to $1,000,000. Makes an appropriation.