Utah Statutes
§ 53F-9-303 — Charter School Reserve Account.
Utah·Title 53F Public Education System -- Funding·Ch. 53F-9 Funds and Accounts·Part 53F-9-3 Income Tax Fund
(1)The terms defined in Section 53G-5-601 apply to this section.
(2)There is created within the Income Tax Fund a restricted account known as the "Charter School Reserve Account."
(3)The reserve account consists of:
(3)(a) money credited to the account pursuant to Section 53G-5-607;
(3)(b) money appropriated to the account by the Legislature;
(3)(c) all income and interest derived from the deposit and investment of money in the account;
(3)(d) federal grants; and
(3)(e) private donations.
(4)Money in the reserve account may be appropriated by the Legislature to:
(4)(a) restore amounts on deposit in a debt service reserve fund of a qualifying charter school to the debt service reserve fund requirement;
(4)(b) pay fees and expenses of the authority;
(4)(c) pay the principal of and inte
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 53F-9-303 (Charter School Reserve Account.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 456, 2022 General Session
Nearby Sections
15
§ 53F-1-101
Title.§ 53F-1-102
Public education code definitions.§ 53F-1-103
Title 53F definitions.§ 53F-1-104
Education monitoring and funds management.§ 53F-10-101
Definitions.§ 53F-10-201
Capital Projects Evaluation Panel.§ 53F-10-202
Panel duties.§ 53F-10-301
Capital development project grants.§ 53F-10-302
Capital development project loans.§ 53F-10-303
Rural School Sports Facilities Grant Program.§ 53F-2-101
Title.§ 53F-2-102
Definitions.§ 53F-2-103
Purpose of chapter.