Representative Gregory H. Hughes
proposes the following amendments:
1. Page
1, Lines 13 through 15
:
13
This bill:
14
. creates the School Readiness
{
Special Revenue Fund
}
Restricted Account
;
15
. creates the School Readiness Board (board) to negotiate contracts with private
2. Page
2, Lines 41 through 46
:
41
Money Appropriated in this Bill:
42
This bill appropriates in fiscal year 2015:
43
. to the General Fund Restricted - School Readiness
{
Special Revenue Fund
}
Restricted
Account
, as an
44
ongoing appropriation:
45
. from the General Fund, $5,000,000
{
.
}
; and
. to Governor's Office - Governor's Office of Management and Budget, as an ongoing
appropriation:
. from the School Readiness Restricted Account, $5,000,000.
46
Other Special Clauses:
3. Page
2, Lines 48 through 49
:
48
Utah Code Sections Affected:
AMENDS:
63J-1-602.3, as last amended by Laws of Utah 2013, Chapters 117 and 295 and last amended by
Coordination Clause, Laws of Utah 2013, Chapter 117
49
ENACTS:
4. Page
5, Lines 127 through 131
:
127
53A-1b-104. School Readiness
{
Special Revenue Fund
}
Restricted Account
-- Creation --
Funding --
128
Distribution of funds.
129
(1) There is created
{
a special revenue fund
}
in the
{
Education
}
General
Fund
a
restricted account
known as the
130
"School Readiness
{
Special Revenue Fund
}
Restricted Account
" to fund:
131
(a) the High Quality School Readiness Grant Program described in Section 5. Page
5, Lines 139 through 147
:
139
(2) The
{
special revenue fund
}
restricted account
consists of:
140
(a) money appropriated to the restricted account by the Legislature;
141
(b) all income and interest derived from the deposit and investment of money in the
142
account;
143
(c) federal grants; and
144
(d) private donations.
145
(3)
{
The board may annually use funds in the special revenue fund
}
Subject to legislative
appropriations, money in the restricted account may be used
for the following
146
purposes:
147
(a) to award grants under the High Quality School Readiness Grant Program described
6. Page
6, Lines 154 through 155
:
154
(d) up to 2% annually
of the amount appropriated by legislature under Subsection (2)(a),
for
administration costs and to monitor the programs described
155
in this part.
7. Page
15, Lines 435 through 437
:
435
(d) The additional return on investment described in Subsection (1)(c) may not exceed
436
5% above
{
the yield to maturity for
}
the current {
rate the state receives for the state's general
437
obligation bonds
}
Municipal Market Data General Obligation Bond AAA scale for a 10 year
maturity
at the time of the issuance of the results-based school readiness contract.
8. Page
17, Line 497
:
497
(iv) the repayment schedule to the private entity if the performance outcomes are met.
Section 12. Section 63J-1-602.3 is amended to read:
63J-1-602.3
List of nonlapsing funds and accounts -- Title 46 through Title 60.
(1) Funding for the Search and Rescue Financial Assistance Program, as provided in Section
53-2a-1101
.
(2) Appropriations made to the Division of Emergency Management from the State Disaster Recovery Restricted
Account, as provided in Section
53-2a-603
.
(3) Appropriations made to the Department of Public Safety from the Department of Public Safety Restricted
Account, as provided in Section
53-3-106
.
(4) Appropriations to the Motorcycle Rider Education Program, as provided in Section
53-3-905
.
(5) Appropriations from the Utah Highway Patrol Aero Bureau Restricted Account created in Section
53-8-303
.
(6) Appropriations from the DNA Specimen Restricted Account created in Section
53-10-407
.
(7) The Canine Body Armor Restricted Account created in Section
53-16-201
.
(8) The School Readiness Restricted Account created in Section 53A-1b-104.
{
(8)
}
(9)
Appropriations to the State Board of Education, as provided in Section
53A-17a-105
.
{
(9)
}
(10)
Money received by the State Office of Rehabilitation for the sale of certain products or services,
as provided in Section
53A-24-105
.
{
(10)
}
(11)
Certain funds appropriated from the General Fund to the State Board of Regents for teacher
preparation programs, as provided in Section
53B-6-104
.
{
(11)
}
(12)
A certain portion of money collected for administrative costs under the School Institutional
Trust Lands Management Act, as provided under Section
53C-3-202
.
{
(12)
}
(13)
Certain surcharges on residential and business telephone numbers imposed by the Public
Service Commission, as provided in Section
54-8b-10
.
{
(13)
}
(14)
Certain fines collected by the Division of Occupational and Professional Licensing for
violation of unlawful or unprofessional conduct that are used for education and enforcement purposes, as provided in
Section
58-17b-505
.
{
(14)
}
(15)
Certain fines collected by the Division of Occupational and Professional Licensing for use in
education and enforcement of the Security Personnel Licensing Act, as provided in Section
58-63-103
.
{
(15)
}
(16)
Appropriations from the Relative Value Study Restricted Account created in Section
59-9-105
.
{
(16)
}
(17)
The Cigarette Tax Restricted Account created in Section
59-14-204
.
9. Page
17, Lines 503 through 509
:
503
addition to any amounts previously appropriated for fiscal year 2015.
(1) Operating and Capital Budgets. Under the terms and conditions of Title 63J, the Legislature
appropriates the following sums of money from the funds or fund accounts indicated for the use and
support of the government of the State of Utah.
To Governor's Office - Governor's Office of Management and Budget
From General Fund Restricted - School Readiness Restricted Account $5,000,000
Schedule of Programs:
Administration $100,000
School Readiness Initiative $4,900,000
(2) Restricted Fund and Account Transfers. The Legislature authorizes the State Division of
Finance to transfer the following amounts among the following funds or accounts as indicated.
Expenditures and outlays from the recipient funds must be authorized elsewhere in an appropriations
act.
504
To General Fund Restricted - School Readiness
{
Special Revenue Fund
}
Restricted Account
505
From General Fund
$5,000,000
506
Schedule of Programs:
507
General Fund Restricted - School Readiness
508
{
Special Revenue Fund
}
Restricted Account
$5,000,000
509
Section 13. Effective date.
Page 1 of 3 LRGCastallingsastallingsY 02/10/14 10:42a