H.B. 197 Enrolled

USE OF INCOME TAX REVENUES
1997 GENERAL SESSION
STATE OF UTAH
Sponsor: Kevin S. Garn
AN ACT RELATING TO INCOME TAX REVENUE; PROVIDING THAT INCOME TAX
REVENUES SHALL BE DEPOSITED INTO THE UNIFORM SCHOOL FUND,
EXCEPT FOR THOSE APPROPRIATED TO THE STATE'S HIGHER EDUCATION
SYSTEM; AND PROVIDING AN EFFECTIVE DATE.
This act affects sections of Utah Code Annotated 1953 as follows:
AMENDS:
53A-16-101, as last amended by Chapter 12, Laws of Utah 1996, Second Special Session
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 53A-16-101 is amended to read:
53A-16-101. Uniform School Fund -- Sources enumerated.
(1) The Uniform School Fund established by Utah Constitution, Article X, [Sec.] Section
5, [of the Utah Constitution] consists of money received in the state treasury from the following
sources:
(a) interest on the State School Fund;
(b) escheats and forfeitures and proceeds from the sale or other disposition of property that
may accrue to the state by escheat or forfeiture, except under Section 58-37-13, regarding
controlled substances, and Section 41-6-13.7, regarding vehicles involved in police pursuits;
(c) unclaimed shares and proceeds from the sale or other disposition of those shares and
unclaimed dividends of any corporation incorporated under Utah law;
(d) all revenues derived from renewable resources on school and state lands, other than
those granted for specific purposes;
(e) the proceeds derived from the leasing or renting of school lands and other state lands,
including all forfeitures, penalties, and grazing and other fees received in connection with the
leases and rentals;
(f) money received from leases or rentals of land acquired by the state through foreclosure

of mortgages securing common school funds or through deeds from mortgagors or owners of those
lands; and
(g) all other constitutional or legislative allocations to the fund, including revenues received
under Utah Constitution, Article XIII, [Sec.] Section 12(3), [of the Utah Constitution] from taxes
on income or intangible property, except for those income tax revenues appropriated to the state's
higher education system.
[(2) Notwithstanding Subsection (1)(g), for fiscal year 1996-97, $38,864,000 of revenues
from taxes on income shall not be deposited in the Uniform School Fund but shall be used to fund
the higher education system.]
Section 2. Effective date.
If approved by two-thirds of all members elected to each house, this act takes effect upon
approval by the governor, or the day following the constitutional time limit of Utah Constitution
Article VII, Section 8, without the governor's signature, or in the case of a veto, the date of veto
override, except that Subsection 53A-16-101(2) changes take effect on July 1, 1997.

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