35A-15-203. School Readiness Restricted Account -- Creation -- Funding -- Distribution of funds.

180 words·~1 min read·/ut/title-35a/chapter-15/35a-15-203

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 7/1/2024

(1)There is created in the General Fund a restricted account known as the "School Readiness Restricted Account."

(2)The School Readiness Restricted Account consists of:

(a)money appropriated by the Legislature;

(b)all income and interest derived from the deposit and investment of money in the account;

(c)federal grants; and

(d)private donations.

(3)Subject to legislative appropriations, money in the restricted account may be used:

(a)to award a grant under Section 35A-15-301 or 35A-15-302 ;

(b)to contract with an evaluator;

(c)to fund the participation of eligible students in a high quality school readiness program through a results-based contract; and

(d)for administration costs and to monitor the programs described in this part.

(4)Money for awards under Subsection (3)(a) shall be allocated in the following order to:

(a)pay results-based contracts;

(b)grant awards under Section 35A-15-302 ; and

(c)if any allocated funds remain, grant awards under Section 35A-15-301 .

Amended by Chapter 525 , 2024 General Session