Utah Code 53F-9-307. Charter School Closure Reserve Account
Current as of: 2023 | Check for updates
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53F-9-307. Charter School Closure Reserve Account.
(1) | As used in this section:
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(2) | There is created within the Income Tax Fund a special revenue fund known as the “Charter School Closure Reserve Account.” |
(3) | The account consists of:
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(4) |
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(6) | The state board of education shall make rules in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, for:
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(7) | Money in the account may only be used upon closure of a charter school that closes on or after January 1, 2021:
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(8) | Money in the account may not be used to pay bond debt. |
(9) | The state board, in partnership with a charter school authorizer:
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Amended by Chapter 54, 2023 General Session