(1) The incentive funding formula defined in ARM 10.41.101(12) shall be equally applied to each career and vocational/technical education program.   The formula includes, but is not limited to:

(a) K-12 career and vocational/technical education enrollment;

(b) approved career and technical student organizations:

(i) approved chapters; and

(ii) number of members;

(c) career experience supervision of students beyond the school year for K-12 career and vocational/technical education; and

(d) district expenditures related to the K-12 career and vocational/technical education programs.