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Utah Code Ann. § 53F-9-301 – Charter School Levy Account. | Midpage
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Utah Code
Title 53F
Chapter 9
Part 3
§ 53F-9-301
Utah Code Ann. § 53F-9-301
Charter School Levy Account.
Effective Mar 24, 2022
Amended by Chapter 456, 2022 General Session
(1)
(a) The terms defined in Section
53G-5-102
apply to this section.
(b) As used in this section, "account" means the Charter School Levy Account created in this section.
(2) There is created within the Income Tax Fund a restricted account known as the "Charter School Levy Account."
(3) The account shall be funded by amounts deposited into the account in accordance with Section
53F-2-703
.
(4) Upon appropriation from the Legislature, the state board shall distribute funds from the account as described in Section
53F-2-703
.
(5) The account shall earn interest.
(6) Interest earned on the account shall be deposited into the account.
(7) Funds in the account are nonlapsing.
Amended by Chapter 456, 2022 General Session