Utah § 53G-5-609 Limitation on participation in Charter School Credit Enhancement Program.

Utah Statutes

§ 53G-5-609 — Limitation on participation in Charter School Credit Enhancement Program.

Utah § 53G-5-609

Title 53GPublic Education System -- Local Administration

Ch. 53G-5Charter Schools

Part 53G-5-6Charter School Credit Enhancement Program

This text of Utah § 53G-5-609 (Limitation on participation in Charter School Credit Enhancement Program.) 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. § 53G-5-609 (2026).

Text

(1)In accordance with Subsection (2), on or before January 1 of each year, the authority shall determine the credit enhancement program's bond issuance limitation.

(2)The authority may not issue bonds for a qualifying charter school under the credit enhancement program if the total par amount outstanding under the program would exceed an amount equal to the product of:

(2)(a) 2.0;

(2)(b) an amount equal to the quotient of:

(2)(b)(i) annual charter school enrollment; divided by

(2)(b)(ii) annual state enrollment; and

(2)(c) the total par amount then outstanding under the school bond guarantee program established in Chapter 4, Part 8, School District Bond Guaranty.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) In accordance with Subsection (2), on or before January 1 of each year, the authority shall determine the credit enhancement program's bond issuance limitation.
(2) The authority may not issue bonds for a qualifying charter school under the credit enhancement program if the total par amount outstanding under the program would exceed an amount equal to the product of:
(2)(a) 2.0;
(2)(b) an amount equal to the quotient of:
(2)(b)(i) annual charter school enrollment; divided by
(2)(b)(ii) annual state enrollment; and
(2)(c) the total par amount then outstanding under the school bond guarantee program established in Chapter 4, Part 8, School District Bond Guaranty.