53F-9-201.1. Appropriations to the Minimum School Program from the Uniform School Fund.
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Effective 7/1/2022
53F-9-201.1. Appropriations to the Minimum School Program from the Uniform School Fund.
(1)As used in this section:
(a)"Base budget" means the same as that term is defined in legislative rule.
(b)"Enrollment growth and inflation estimates" means the cost estimates regarding enrollment growth and inflation described in Section 53F-2-208 .
(2)Except as provided in Subsection 53F-9-204(3) , for a fiscal year beginning on or after July 1, 2021, when preparing the Public Education Base Budget, the Office of the Legislative Fiscal Analyst shall include appropriations to the Minimum School Program from the Uniform School Fund, and, subject to Subsection 53F-9-204(3) , the Public Education Economic Stabilization Restricted Account, in an amount that is greater than or equal to the sum of:
(a)the ongoing Income Tax Fund and Uniform School Fund appropriations to the Minimum School Program in the current fiscal year; and
(b)subject to Subsection 53F-9-204(3)(b) , enrollment growth and inflation estimates.
(3)The total annual amount deposited into the Uniform School Fund, including the deposits through the distributions described in Sections 59-7-532 and 59-10-544 , for a given fiscal year may not exceed the amount appropriated from the Uniform School Fund for that fiscal year.
Amended by Chapter 456 , 2022 General Session