63J-3-102 - Purpose of chapter -- Limitations on state mandated property tax, state appropriations, and state debt. - Utah Statutes

63J-3-102. Purpose of chapter -- Limitations on state mandated property tax, stateappropriations, and state debt.
(1) (a) It is the purpose of this chapter to:
(i) place a limitation on the state mandated property tax rate under Title 53A, Chapter17a, Minimum School Program Act;
(ii) place limitations on state government appropriations based upon the combinedchanges in population and inflation; and
(iii) place a limitation on the state's outstanding general obligation debt.
(b) The limitations imposed by this chapter are in addition to limitations on tax levies,rates, and revenues otherwise provided for by law.
(2) (a) This chapter may not be construed as requiring the state to collect the full amountof tax revenues permitted to be appropriated by this chapter.
(b) This chapter's purpose is to provide a ceiling, not a floor, limitation on theappropriations of state government.
(3) The recommendations and budget analysis prepared by the Governor's Office ofPlanning and Budget and the Office of the Legislative Fiscal Analyst, as required by Title 36,Chapter 12, Legislative Organization, shall be in strict compliance with the limitations imposedunder this chapter.

Renumbered and Amended by Chapter 382, 2008 General Session