Utah § 53F-9-302 Minimum Basic Growth Account.

Utah Statutes

§ 53F-9-302 — Minimum Basic Growth Account.

Utah § 53F-9-302

Title 53FPublic Education System -- Funding

Ch. 53F-9Funds and Accounts

Part 53F-9-3Income Tax Fund

This text of Utah § 53F-9-302 (Minimum Basic Growth Account.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 53F-9-302 (2026).

Text

(1)As used in this section, "account" means the Minimum Basic Growth Account created in this section.

(2)There is created within the Income Tax Fund a restricted account known as the "Minimum Basic Growth Account."

(3)The account shall be funded by amounts deposited into the account in accordance with Section 53F-2-301.

(4)The account shall earn interest.

(5)Interest earned on the account shall be deposited into the account.

(6)Upon appropriation by the Legislature:

(6)(a) 75% of the money from the account shall be used to fund the state's contribution to the voted local levy guarantee described in Section 53F-2-601; and

(6)(b) 25% of the money from the account shall be used to fund the Capital Outlay Foundation Program as provided in Section 53F-3-202.

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(1) As used in this section, "account" means the Minimum Basic Growth Account created in this section.
(2) There is created within the Income Tax Fund a restricted account known as the "Minimum Basic Growth Account."
(3) The account shall be funded by amounts deposited into the account in accordance with Section 53F-2-301.
(4) The account shall earn interest.
(5) Interest earned on the account shall be deposited into the account.
(6) Upon appropriation by the Legislature:
(6)(a) 75% of the money from the account shall be used to fund the state's contribution to the voted local levy guarantee described in Section 53F-2-601; and
(6)(b) 25% of the money from the account shall be used to fund the Capital Outlay Foundation Program as provided in Section 53F-3-202.