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State System of Public Education | |
Public Education Capital Outlay Act | |
Section 201 | Capital Outlay Foundation Program -- Creation -- Definitions. |
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53A-21-201. Capital Outlay Foundation Program -- Creation -- Definitions. (1) There is created the Capital Outlay Foundation Program to provide capital outlay funding to a school district based on a district's local property tax effort and property tax yield per student compared to a foundation guarantee funding level. (2) As used in this part: (a) "Foundation guarantee level per ADM" means a minimum revenue amount per ADM generated by the base tax effort rate, including the following: (i) the revenue generated locally from a school district's combined capital levy rate; and (ii) the revenue allocated to a school district by the State Board of Education in accordance with Section 53A-21-202. (b) "Qualifying school district" means a school district with a property tax yield per ADM less than the foundation guarantee level per ADM. (3) "Small school district" means a school district that has fewer than 1,000 pupils in average daily membership.
Amended by Chapter 185, 2010 General Session |
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