59-2-905 - Legislature to set minimum rate of levy for state's contribution to minimum school program -- Matters to be considered -- Commission to transmit rate to auditors -- Acknowledgment of re - Utah Statutes

59-2-905. Legislature to set minimum rate of levy for state's contribution tominimum school program -- Matters to be considered -- Commission to transmit rate toauditors -- Acknowledgment of receipt.
The Legislature shall set the minimum rate of levy on each dollar of taxable value of taxable property so that it will raise sufficient supplementary revenue to pay the state'scontribution to the cost of the minimum school program for that year. The Legislature shall takeinto consideration the estimated tax delinquency for the current year, and shall be conservative inits estimate of revenue to assure ample funds for the state's contribution to the cost of theminimum school program. The commission shall immediately transmit to the county auditor ofeach county and to the state auditor a statement of the rate. The county auditor shall, uponreceipt, give the commission written acknowledgment of receipt.

Amended by Chapter 3, 1988 General Session