Utah Code 35A-15-203. School Readiness Restricted Account — Creation — Funding

35A-15-203. School Readiness Restricted Account — Creation — Funding — Distribution of funds.

(1)	There is created in the General Fund a restricted account known as the “School Readiness Restricted Account”.

(a)	is provided by an eligible LEA, eligible private provider, or eligible home-based educational technology provider; and

(b)

meets the elements of a high quality school readiness program described in Section 35A-15-202. See Utah Code 35A-15-102

Results-based contract: means a contract that:

(a)	is entered into in accordance with Section 35A-15-402;

(b)	includes a performance outcome measure; and

(c)

is between the board, a provider of a high quality school readiness program, and an investor. See Utah Code 35A-15-102

(2)

The School Readiness Restricted Account consists of:

(a)	money appropriated by the Legislature;

(b)	all income and interest derived from the deposit and investment of money in the account;

(c)	federal grants; and

(d)	private donations.

(3)

Subject to legislative appropriations, money in the restricted account may be used:

(a)	to award a grant under Section 35A-15-301 or 35A-15-302;

(b)	to contract with an evaluator;

(c)	to fund the participation of eligible students in a high quality school readiness program through a results-based contract; and

(d)	for administration costs and to monitor the programs described in this part.

Renumbered and Amended by Chapter 342, 2019 General Session

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