Utah Statutes

§ 53G-7-304 — Undistributed reserve in local school board budget.

Utah·Title 53G Public Education System -- Local Administration·Ch. 53G-7 Public School General Requirements·Part 53G-7-3 Budgets
(1)A local school board may adopt a budget with an undistributed reserve. The reserve may not exceed 5% of the maintenance and operation budget adopted by the local school board in accordance with a scale developed by the state board. The scale is based on the size of the school district's budget.
(2)The local school board may appropriate all or a part of the undistributed reserve made to any expenditure classification in the maintenance and operation budget by written resolution adopted by a majority vote of the local school board setting forth the reasons for the appropriation. The local school board shall file a copy of the resolution with the state board and the state auditor.
(3)The local school board may not use undistributed reserves in the negotiation or settlement of contract

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

Utah § 53G-7-304 (Undistributed reserve in local school board budget.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Chapter 293, 2019 General Session

Nearby Sections

15
View on official source ↗