53A-16-112 - Growth in Student Population Restricted Account. - Utah Statutes

53A-16-112. Growth in Student Population Restricted Account.
(1) There is created within the Uniform School Fund a restricted account known as the"Growth in Student Population Restricted Account."
(2) The account shall be funded from the following revenue sources:
(a) any voluntary contributions received to help alleviate the anticipated surge in studentgrowth in public elementary and secondary schools during the early part of the 21st Century; and
(b) appropriations made to the fund by the Legislature.
(3) The account shall be used to help school districts meet the challenges created byanticipated significant increases in student growth in the state's public schools.
(4) (a) The account shall earn interest.
(b) All interest earned on account money shall be deposited in the account.

Enacted by Chapter 215, 2001 General Session