53F-9-301. Charter School Levy Account.
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Effective 3/24/2022
53F-9-301. Charter School Levy Account.
(a)The terms defined in Section 53G-5-102 apply to this section.
(b)As used in this section, "account" means the Charter School Levy Account created in this section.
(2)There is created within the Income Tax Fund a restricted account known as the "Charter School Levy Account."
(3)The account shall be funded by amounts deposited into the account in accordance with Section 53F-2-703 .
(4)Upon appropriation from the Legislature, the state board shall distribute funds from the account as described in Section 53F-2-703 .
(5)The account shall earn interest.
(6)Interest earned on the account shall be deposited into the account.
(7)Funds in the account are nonlapsing.
Amended by Chapter 456 , 2022 General Session