Utah Code 53G-5-601. Definitions
Current as of: 2023 | Check for updates
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53G-5-601. Definitions.
As used in this part:
As used in this part:
(1) | “Annual charter school enrollment” means the total enrollment of all students in the state enrolled in a charter school in grades kindergarten through grade 12, based on October 1 enrollment counts. |
(a) | meets standards adopted by the authority for participation in the credit enhancement program; and |
(b) | is designated by the authority as a qualifying charter school for purposes of participation in the credit enhancement program. See Utah Code 53G-5-601 |
(2) | “Annual state enrollment” means the total enrollment of all students in the state enrolled in a public school in grades kindergarten through grade 12, based on October 1 enrollment counts. |
(3) | “Authority” means the Utah Charter School Finance Authority created by this part. |
(4) | “Board” means the governing board of the authority described in Section 53G-5-602. |
(5) | “Charter school” means a school created under this chapter. |
(6) | “Credit enhancement program” means the Charter School Credit Enhancement Program established in Section 53G-5-606. |
(7) | “Debt service reserve fund” means the reserve fund created or established by, or for the benefit of, a qualifying charter school for the purpose of paying principal of and interest on bonds issued under the credit enhancement program as the payments become due and other money of the qualifying charter school is not available to make the payments. |
(9) |
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(10) | “Project” means:
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(11) | “Qualifying charter school” means a charter school that:
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(12) | “Reserve account” means the Charter School Reserve Account created in Section 53F-9-303. |
Renumbered and Amended by Chapter 3, 2018 General Session