167.132.  Tuition rate paid by sending district to receiving district — definitions — amount. — 1.  For purposes of this section, the following terms mean:

  (1)  "Receiving approved charter school", an approved charter school, as defined under section 167.895, receiving transfer students under section 167.895;

  (2)  "Receiving district", a school district receiving transfer students under section 167.895;

  (3)  "Sending district", a school district from which students are transferring to a receiving district or approved charter school, as allowed under section 167.895;

  (4)  "State adequacy target", the same meaning given to the term under section 163.011.

  2.  Notwithstanding any other provision of law, the tuition rate paid by a sending district to the receiving district or the receiving approved charter school for transfer students shall be the lesser of:

  (1)  The tuition rate set by the receiving district or the receiving approved charter school under the policy adopted in accordance with section 167.895; or

  (2)  The state adequacy target plus the average sum produced per child by the local tax effort above the state adequacy target of the sending district.