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Code · Utah · Title 53G — Public Education System -- Local Administration · Chapter 5

53G-5-607. Charter School Reserve Account contribution requirements for qualifying charter schools.

82 words·~1 min read·/ut/title-53g/chapter-5/53g-5-607

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Effective 1/24/2018
53G-5-607. Charter School Reserve Account contribution requirements for qualifying charter schools.
(1)When bonds are issued under the credit enhancement program for a qualifying charter school, the qualifying charter school shall contribute money to the reserve account in the amount determined as provided in Subsection
(2).
(2)The authority shall determine the up-front and ongoing requirements for contributions of money to the reserve account for each qualifying charter school.
Renumbered and Amended by Chapter 3 , 2018 General Session
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