Affected by 63I-2-253 on 7/1/2023
Effective 3/24/2022
53F-9-305. Local Levy Growth Account.
- (1) As used in this section, “account” means the Local Levy Growth Account created in this section.
- (2) There is created within the Income Tax Fund a restricted account known as the “Local Levy Growth Account.”
- (3) The account shall be funded by:
- (a) amounts deposited into the account in accordance with Section 53F-2-301 or 53F-2-301.5, as applicable; and
- (b) other legislative appropriations.
- (4) The account shall earn interest.
- (5) Interest earned on the account shall be deposited into the account.
- (6) The Legislature shall appropriate money in the account to the state board.
Amended by Chapter 456, 2022 General Session