59-2-903. Remittance to credit of Uniform School Fund of moneys in excess of
basic state-supported school program -- Manner.
In providing for remittance to the State Board of Education of any excess collections from
the tax levy applied for the basic state-supported school program as specified in Subsection
59-2-902 (4), the excess amount shall be remitted in the following manner:
(1) by June 1, 95% of the amount by which the money then collected, pursuant to the
levy, exceeds the estimated total basic state-supported school program of the district; or
(2) as soon after the end of the school year as the school district and the State Board of
Education can determine the actual cost of the district's basic state-supported school program, the
district and the State Board of Education shall make a final settlement.
Amended by Chapter 3, 1988 General Session
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Last revised: Thursday, May 28, 2009