In providing for remittance to the
State Board of Education of any excess collections from the tax levy applied for the basic state-supported school program as specified in Subsection
59-2-902(4), the excess amount shall be remitted in the following manner:
| (1) |
by June 1, 95% of the amount by which the money then collected, pursuant to the levy, exceeds the estimated total basic state-supported school program of the district; or |
Terms Used In Utah Code 59-2-903
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
| (2) |
as soon after the end of the school year as the school district and the State Board of Education can determine the actual cost of the district’s basic state-supported school program, the district and the State Board of Education shall make a final settlement. |
Amended by Chapter 3, 1988 General Session
