- (1) The Superintendent shall calculate a charter school's annual per pupil contribution based on the school's most recent October 1 count in accordance with Subsections 53F-9-307(5)(b) and 53F-9-307(5)(c) and notify each charter school by December 1 annually.
- (2) The sum of per pupil contributions for all charter schools in the state may not cause the balance of the account to exceed the amounts established in Subsection 53F-9-307(6).
- (3) The Superintendent shall withhold the per pupil contribution from a charter school's mid-year budgetary allotment update.
- (4) The Superintendent shall transfer funds withheld in accordance with Subsection (3) to the account.
- (5) The Superintendent may only use funds in the account consistent with the limitations established in Subsections 53F-9-307(7) through 53F-9-307(9).
KEY: Charter School Closure Fund
Date of Last Change: November 8, 2021
Authorizing, and Implemented, or Interpreted Law: Art X Sec 3; 53E-3-401(4)