Section 202 – Capital Outlay Foundation Program created — Distribution formulas — Allocations.
Effective 5/14/2019 53F-3-202. Capital Outlay Foundation Program created — Distribution formulas — Allocations. (1) As used in this section: (a) “Foundation guarantee level per ADM” means a minimum revenue amount per ADM generated by the base tax effort rate, including the following: (i) the revenue generated locally from a school district’s combined capital levy rate; […]
Section 203 – Capital Outlay Enrollment Growth Program created — Distribution formulas — Allocations.
Effective 5/14/2019 53F-3-203. Capital Outlay Enrollment Growth Program created — Distribution formulas — Allocations. (1) As used in this section: (a) “Average annual net enrollment increase” means the quotient of: (i) (A) enrollment in the prior fiscal year, based on October 1 enrollment counts; minus (B) enrollment in the year four years prior, based on […]
Section 204 – School Building Revolving Account.
Effective 1/24/2018 53F-3-204. School Building Revolving Account. The School Building Revolving Account is created as described in Section 53F-9-206, to provide short-term help to school districts to meet district needs for school building construction and renovation. Enacted by Chapter 2, 2018 General Session
Section 201 – Capital outlay programs — Use of funds.
Effective 1/24/2018 53F-3-201. Capital outlay programs — Use of funds. A school district may only use the money provided under this chapter for school district capital outlay and debt service purposes. Renumbered and Amended by Chapter 2, 2018 General Session