Section 301 – Charter School Levy Account.

Effective 3/24/2022
53F-9-301. Charter School Levy Account.

• (1)
  • (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