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 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's
contribution to the cost of the minimum school program for that year. The Legislature shall take
into consideration the estimated tax delinquency for the current year, and shall be conservative in
its estimate of revenue to assure ample funds for the state's contribution to the cost of the
minimum school program. The commission shall immediately transmit to the county auditor of
each county and to the state auditor a statement of the rate. The county auditor shall, upon
receipt, give the commission written acknowledgment of receipt.
Amended by Chapter 3, 1988 General Session
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Last revised: Thursday, May 28, 2009