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S.B. 152 Enrolled

             1     

CHARTER SCHOOL FINANCING

             2     
2012 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Chief Sponsor: John L. Valentine

             5     
House Sponsor: Derek E. Brown

             6     
             7      LONG TITLE
             8      General Description:
             9          This bill amends provisions regarding the financing of charter schools, establishes the
             10      Charter School Credit Enhancement Program, and establishes the Charter School
             11      Reserve Account.
             12      Highlighted Provisions:
             13          This bill:
             14          .    prohibits a chartering entity from terminating the charter of a qualifying charter
             15      school with outstanding bonds issued pursuant to the Charter School Credit
             16      Enhancement Program without mutual agreement of the Utah Charter School
             17      Finance Authority and the chartering entity;
             18          .    changes the name of the State Charter School Finance Authority to the Utah Charter
             19      School Finance Authority;
             20          .    establishes the Charter School Credit Enhancement Program;
             21          .    requires the Utah Charter School Finance Authority to establish criteria for a charter
             22      school to be designated as a qualifying charter school for purposes of issuing bonds
             23      pursuant to the Charter School Credit Enhancement Program;
             24          .    creates the Charter School Reserve Account;
             25          .    sets Charter School Reserve Account contribution requirements for qualifying
             26      charter schools;
             27          .    requires the Utah Charter School Finance Authority to notify the governor of a
             28      shortfall in a qualifying charter school's debt service reserve fund if the qualifying
             29      charter school has outstanding bonds issued pursuant to the Charter School Credit


             30      Enhancement Program;
             31          .    requires the governor to notify the Legislature, and request the Legislature to
             32      appropriate money to cover a shortfall of a qualifying charter school's debt service
             33      reserve fund;
             34          .    limits the amount of bonds that may be issued under the Charter School Credit
             35      Enhancement Program;
             36          .    defines terms; and
             37          .    makes technical changes.
             38      Money Appropriated in this Bill:
             39          This bill appropriates:
             40          .    to the State Board of Education - Charter School Reserve Account, as a one-time
             41      appropriation for fiscal year 2012-13;
             42              .    from the Education Fund, $3,000,000.
             43      Other Special Clauses:
             44          This bill takes effect on July 1, 2012.
             45      Utah Code Sections Affected:
             46      AMENDS:
             47          11-17-20, as last amended by Laws of Utah 2008, Chapter 382
             48          53A-1a-509, as last amended by Laws of Utah 2008, Chapter 382
             49          53A-1a-510, as last amended by Laws of Utah 2008, Chapter 382
             50          53A-20b-101, as enacted by Laws of Utah 2007, Chapter 167
             51          53A-20b-102, as enacted by Laws of Utah 2007, Chapter 167
             52          53A-20b-103, as last amended by Laws of Utah 2010, Chapter 286
             53          53A-20b-104, as enacted by Laws of Utah 2007, Chapter 167
             54          53A-20b-105, as enacted by Laws of Utah 2007, Chapter 167
             55          63J-7-102, as last amended by Laws of Utah 2011, Chapter 370
             56      ENACTS:
             57          53A-20b-201, Utah Code Annotated 1953


             58          53A-20b-202, Utah Code Annotated 1953
             59          53A-20b-203, Utah Code Annotated 1953
             60          53A-20b-204, Utah Code Annotated 1953
             61          53A-20b-301, Utah Code Annotated 1953
             62     
             63      Be it enacted by the Legislature of the state of Utah:
             64          Section 1. Section 11-17-20 is amended to read:
             65           11-17-20. Power of the Utah Charter School Finance Authority.
             66          (1) The [State] Utah Charter School Finance Authority may exercise the powers
             67      granted to municipalities and counties by this chapter, subject to the same limitations as that
             68      imposed on a municipality or county under the chapter, except as provided by Title 53A,
             69      Chapter 20b, [State] Part 1, Utah Charter School Finance Authority Act.
             70          (2) As used in this chapter, "governing body" when applied to the [State] Utah Charter
             71      School Finance Authority means the authority's governing board as described in Section
             72      53A-20b-103 .
             73          (3) Notwithstanding Section 11-17-15 , a charter school that receives financing under
             74      this chapter is subject to Title 63G, Chapter 6, Utah Procurement Code.
             75          Section 2. Section 53A-1a-509 is amended to read:
             76           53A-1a-509. Noncompliance -- Rulemaking.
             77          (1) [(a)] If a charter school is found to be out of compliance with the requirements of
             78      Section 53A-1a-507 or the school's charter, the chartering entity shall notify the [school's
             79      governing board] following in writing that the charter school has a reasonable time to remedy
             80      the deficiency, except as otherwise provided in Subsection 53A-1a-510[ (3)(a).](4):
             81          (a) the governing body of the charter school; and
             82          (b) if the charter school is a qualifying charter school with outstanding bonds issued in
             83      accordance with Chapter 20b, Part 2, Charter School Credit Enhancement Program, the Utah
             84      Charter School Finance Authority.
             85          [(b)] (2) If the charter school does not remedy the deficiency within the established


             86      timeline, the chartering entity may:
             87          (a) subject to the requirements of Subsection (4), take one or more of the following
             88      actions:
             89          (i) remove a charter school director or finance officer;
             90          (ii) remove a governing board [members;] member; or
             91          (iii) appoint an interim director or mentor to work with the charter school; or
             92          [(iv)] (b) subject to the requirements of Section 53A-1a-510 , terminate the school's
             93      charter.
             94          [(c)] (3) The costs of an interim director or mentor appointed pursuant to Subsection
             95      [(1)(b)] (2)(a) shall be paid from the funds of the charter school for which the interim director
             96      or mentor is working.
             97          (4) The chartering entity shall notify the Utah Charter School Finance Authority before
             98      the chartering entity takes an action described in Subsections (2)(a)(i) through (iii) if the charter
             99      school is a qualifying charter school with outstanding bonds issued in accordance with Chapter
             100      20b, Part 2, Charter School Credit Enhancement Program.
             101          [(2)] (5) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking
             102      Act, the State Board of Education shall make rules:
             103          (a) specifying the timeline for remedying deficiencies under Subsection (1)[(a)]; and
             104          (b) ensuring the compliance of a charter school with its approved charter.
             105          Section 3. Section 53A-1a-510 is amended to read:
             106           53A-1a-510. Termination of a charter.
             107          (1) [A] Subject to the requirements of Subsection (3), a chartering entity may terminate
             108      a school's charter for any of the following reasons:
             109          (a) failure of the charter school to meet the requirements stated in the charter;
             110          (b) failure to meet generally accepted standards of fiscal management;
             111          (c) subject to Subsection [(6)] (8), failure to make adequate yearly progress under the
             112      No Child Left Behind Act of 2001, 20 U.S.C. Sec. 6301 et seq.;
             113          (d) violation of requirements under this part or another law; or


             114          (e) other good cause shown.
             115          (2) (a) The chartering entity shall notify the [governing body of the school] following
             116      of the proposed termination in writing, state the grounds for the termination, and stipulate that
             117      the governing body may request an informal hearing before the chartering entity[.]:
             118          (i) the governing body of the charter school; and
             119          (ii) if the charter school is a qualifying charter school with outstanding bonds issued in
             120      accordance with Chapter 20b, Part 2, Charter School Credit Enhancement Program, the Utah
             121      Charter School Finance Authority.
             122          (b) [The] Except as provided in Subsection (2)(e), the chartering entity shall conduct
             123      the hearing in accordance with Title 63G, Chapter 4, Administrative Procedures Act, within 30
             124      days after receiving a written request under Subsection (2)(a).
             125          (c) If the chartering entity, by majority vote, approves a motion to terminate a charter
             126      school, the governing body of the charter school may appeal the decision to the State Board of
             127      Education.
             128          (d) (i) The State Board of Education shall hear an appeal of a termination made
             129      pursuant to Subsection (2)(c).
             130          (ii) The State Board of Education's action is final action subject to judicial review.
             131          (e) (i) If the chartering entity proposes to terminate the charter of a qualifying charter
             132      school with outstanding bonds issued in accordance with Chapter 20b, Part 2, Charter School
             133      Credit Enhancement Program, the chartering entity shall conduct a hearing described in
             134      Subsection (2)(b) 120 days or more after notifying the following of the proposed termination:
             135          (A) the governing body of the qualifying charter school; and
             136          (B) the Utah Charter School Finance Authority.
             137          (ii) Prior to the hearing described in Subsection (2)(e)(i), the Utah Charter School
             138      Finance Authority shall meet with the chartering entity to determine whether the deficiency
             139      may be remedied in lieu of termination of the qualifying charter school's charter.
             140          (3) A chartering entity may not terminate the charter of a qualifying charter school with
             141      outstanding bonds issued in accordance with Chapter 20b, Part 2, Charter School Credit


             142      Enhancement Program, without mutual agreement of the Utah Charter School Finance
             143      Authority and the chartering entity.
             144          [(3)] (4) (a) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking
             145      Act, the State Board of Education shall make rules that require a charter school to report any
             146      threats to the health, safety, or welfare of its students to the State Charter School Board in a
             147      timely manner.
             148          (b) The rules under Subsection [(3)] (4)(a) shall also require the charter school report
             149      to include what steps the charter school has taken to remedy the threat.
             150          [(4) The] (5) Subject to the requirements of Subsection (3), the chartering entity may
             151      terminate a charter immediately if good cause has been shown or if the health, safety, or
             152      welfare of the students at the school is threatened.
             153          [(5)] (6) If a charter is terminated during a school year:
             154          (a) the school district in which the charter school is located may assume operation of
             155      the school; or
             156          (b) a private management company may be hired to operate the charter school.
             157          [(6)] (7) (a) If a charter is terminated, a student who attended the school may apply to
             158      and shall be enrolled in another public school under the enrollment provisions of Title 53A,
             159      Chapter 2, Part 2, District of Residency, subject to space availability.
             160          (b) Normal application deadlines shall be disregarded under Subsection [(6)] (7)(a).
             161          [(7) A] (8) Subject to the requirements of Subsection (3), a chartering entity may
             162      terminate a charter pursuant to Subsection (1)(c) under the same circumstances that local
             163      educational agencies are required to implement alternative governance arrangements under 20
             164      U.S.C. Sec. 6316.
             165          Section 4. Section 53A-20b-101 is amended to read:
             166     
CHAPTER 20b. CHARTER SCHOOL FINANCING

             167     
Part 1. Utah Charter School Finance Authority

             168           53A-20b-101. Title.
             169          This chapter is known as the ["State] "Charter School [Finance Authority] Financing


             170      Act."
             171          Section 5. Section 53A-20b-102 is amended to read:
             172           53A-20b-102. Definitions.
             173          As used in this chapter:
             174          (1) "Annual charter school enrollment" means the total enrollment of all students in the
             175      state enrolled in a charter school in grades kindergarten through grade 12, based on October 1
             176      enrollment counts.
             177          (2) "Annual state enrollment" means the total enrollment of all students in the state
             178      enrolled in a public school in grades kindergarten through grade 12, based on October 1
             179      enrollment counts.
             180          [(1)] (3) "Authority" means the [State] Utah Charter School Finance Authority created
             181      by this [chapter] part.
             182          (4) "Board" means the governing board of the authority described in Section
             183      53A-20b-103 .
             184          (5) "Charter school" means a school created under Title 53A, Chapter 1a, Part 5, The
             185      Utah Charter Schools Act.
             186          (6) "Credit enhancement program" means the Charter School Credit Enhancement
             187      Program established in Part 2, Charter School Credit Enhancement Program.
             188          (7) "Debt service reserve fund" means the reserve fund created or established by, or for
             189      the benefit of, a qualifying charter school for the purpose of paying principal of and interest on
             190      bonds issued under the credit enhancement program as the payments become due and other
             191      money of the qualifying charter school is not available to make the payments.
             192          (8) "Debt service reserve fund requirement" means, as of a particular date of
             193      computation, and with respect to a particular issue of bonds, the amount required to be on
             194      deposit in the debt service reserve fund, which amount:
             195          (a) may be a sum certain or as set forth in a formula; and
             196          (b) may not be less than the maximum annual debt service requirement for the related
             197      bonds.


             198          [(2)] (9) (a) "Obligations" mean any notes, debentures, revenue bonds, or other
             199      evidences of financial indebtedness, except as provided in Subsection [(2)] (9)(b).
             200          (b) "Obligations" do not include general obligation bonds.
             201          [(3)] (10) "Project" means:
             202          (a) any building, structure, or property owned, [or] to be acquired, or used by a charter
             203      school for any of its educational purposes and the related appurtenances, easements,
             204      rights-of-way, improvements, paving, utilities, landscaping, parking facilities, and lands; or
             205          (b) any capital equipment owned, [or] to be acquired, or used by a charter school for
             206      any of its educational purposes, interests in land, and grounds, together with the personal
             207      property necessary, convenient, or appurtenant to them.
             208          (11) "Qualifying charter school" means a charter school that:
             209          (a) meets standards adopted by the authority for participation in the credit enhancement
             210      program; and
             211          (b) is designated by the authority as a qualifying charter school for purposes of
             212      participation in the credit enhancement program.
             213          (12) "Reserve account" means the Charter School Reserve Account created in Section
             214      53A-20b-301 .
             215          Section 6. Section 53A-20b-103 is amended to read:
             216           53A-20b-103. Utah Charter School Finance Authority created -- Members --
             217      Compensation -- Services.
             218          (1) There is created a body politic and corporate known as the [State] Utah Charter
             219      School Finance Authority. The authority is created to provide an efficient and cost-effective
             220      method of financing charter school facilities.
             221          (2) The governing board of the authority shall be composed of:
             222          (a) the governor or the governor's designee;
             223          (b) the state treasurer; and
             224          (c) the state superintendent of public instruction or the state superintendent's designee.
             225          (3) A member may not receive compensation or benefits for the member's service, but


             226      may receive per diem and travel expenses in accordance with:
             227          (a) Section 63A-3-106 ;
             228          (b) Section 63A-3-107 ; and
             229          (c) rules made by the Division of Finance pursuant to Sections 63A-3-106 and
             230      63A-3-107 .
             231          (4) Upon request, the State Board of Education shall provide staff support to the
             232      authority.
             233          Section 7. Section 53A-20b-104 is amended to read:
             234           53A-20b-104. Powers and duties of authority.
             235          (1) The authority shall have perpetual succession as a body politic and corporate.
             236          (2) The authority may:
             237          (a) sue and be sued in its own name;
             238          (b) have, and alter at will, an official seal;
             239          (c) contract with experts, advisers, consultants, and agents for needed services;
             240          (d) receive and accept aid or contributions from any source, including the United States
             241      or this state, in the form of money, property, labor, or other things of value to be held, used,
             242      and applied to carry out the purposes of this part, subject to the conditions upon which the aid
             243      and contributions are made, for any purpose consistent with this part;
             244          (e) exercise the powers granted to municipalities and counties pursuant to Title 11,
             245      Chapter 17, Utah Industrial Facilities and Development Act, including the power to borrow
             246      money and issue obligations, including refunding obligations, subject to the same limitations as
             247      that imposed on a municipality or county under the act, except:
             248          (i) the authority may only exercise powers under the act to finance or refinance a
             249      project as defined in Section 53A-20b-102 ; and
             250          (ii) the authority's area of operation shall include all areas of the state;
             251          (f) employ advisers, consultants, and agents, including financial experts, independent
             252      legal counsel, and any advisers, consultants, and agents as may be necessary in its judgment
             253      and fix their compensation;


             254          (g) make and execute contracts and other instruments necessary or convenient for the
             255      performance of its duties and the exercise of its powers and functions; [and]
             256          (h) in accordance with Section 53A-20b-201 , designate a charter school as a qualifying
             257      charter school for purposes of participation in the credit enhancement program; and
             258          [(h)] (i) have and exercise any other powers or duties that are necessary or appropriate
             259      to carry out and effectuate the purposes of this chapter.
             260          (3) [The State] Except as provided in Part 2, Charter School Credit Enhancement
             261      Program, the Utah Charter School Finance Authority may not exercise power in any manner
             262      which would create general or moral obligations of the state or of any agency, department, or
             263      political subdivision of the state.
             264          Section 8. Section 53A-20b-105 is amended to read:
             265           53A-20b-105. Limited obligations.
             266          [Bonds] Except as provided in Part 2, Charter School Credit Enhancement Program,
             267      bonds, notes, and other obligations issued by the authority:
             268          (1) do not constitute a debt, moral obligation, or liability of the state, or of any county,
             269      city, town, school district, or any other political subdivision of the state;
             270          (2) do not constitute the loan of credit of the state or of any county, city, town, school
             271      district, or any other political subdivision of the state; and
             272          (3) may not be paid from funds other than loan payments or lease revenues received
             273      from a charter school or other funds pledged by a charter school.
             274          Section 9. Section 53A-20b-201 is enacted to read:
             275     
Part 2. Charter School Credit Enhancement Program

             276          53A-20b-201. Charter School Credit Enhancement Program -- Standards for the
             277      designation of qualifying charter schools -- Debt service reserve fund requirements.
             278          (1) There is created the Charter School Credit Enhancement Program to assist
             279      qualifying charter schools in obtaining favorable financing by providing a means of
             280      replenishing a qualifying charter school's debt service reserve fund.
             281          (2) The authority shall establish standards for a charter school to be designated as a


             282      qualifying charter school.
             283          (3) In establishing the standards described in Subsection (2) the authority shall
             284      consider:
             285          (a) whether a charter school has received an investment grade rating, independent of
             286      any rating enhancement resulting from the issuance of bonds pursuant to the credit
             287      enhancement program;
             288          (b) the location of the charter school's project;
             289          (c) the operating history of the charter school;
             290          (d) the financial strength of the charter school; and
             291          (e) any other criteria the authority determines are relevant.
             292          (4) The bonds issued by the authority for a qualifying charter school are not an
             293      indebtedness of the state or of the authority but are special obligations payable solely from:
             294          (a) the revenues or other funds pledged by the qualifying charter school; and
             295          (b) amounts appropriated by the Legislature pursuant to Subsection (9).
             296          (5) The authority shall notify the chartering entity of a charter school that the charter
             297      school is participating in the credit enhancement program if the authority:
             298          (a) designates the charter school as a qualifying charter school; and
             299          (b) issues bonds for the qualifying charter school under the credit enhancement
             300      program.
             301          (6) One or more debt service reserve funds shall be established for a qualifying charter
             302      school with respect to bonds issued pursuant to the credit enhancement program.
             303          (7) (a) Except as provided in Subsection (7)(b), money in a debt service reserve fund
             304      may not be withdrawn from the debt service reserve fund if the amount withdrawn would
             305      reduce the level of money in the debt service reserve fund to less than the debt service reserve
             306      fund requirement.
             307          (b) So long as the applicable bonds issued under the credit enhancement program
             308      remain outstanding, money in a debt service reserve fund may be withdrawn in an amount that
             309      would reduce the level of money in the debt service reserve fund to less than the debt service


             310      reserve fund requirement if the money is withdrawn for the purpose of:
             311          (i) paying the principal of, redemption price of, or interest on a bond when due and if
             312      no other money of the qualifying charter school is available to make the payment, as
             313      determined by the authority; or
             314          (ii) paying any redemption premium required to be paid when the bonds are redeemed
             315      prior to maturity if no bonds will remain outstanding upon payment from the funds in the
             316      qualifying charter school's debt service reserve fund.
             317          (8) Money in a qualifying charter school's debt service reserve fund that exceeds the
             318      debt service reserve fund requirement may be withdrawn by the qualifying charter school.
             319          (9) (a) The authority shall annually, on or before December 1, certify to the governor
             320      the amount, if any, required to restore amounts on deposit in the debt service reserve funds of
             321      qualifying charter schools to the respective debt service reserve fund requirements.
             322          (b) The governor shall request from the Legislature an appropriation of the certified
             323      amount to restore amounts on deposit in the debt service reserve funds of qualifying charter
             324      schools to the respective debt service reserve fund requirements.
             325          (c) The Legislature may appropriate money to the authority to restore amounts on
             326      deposit in the debt service reserve funds of qualifying charter schools to the respective debt
             327      service reserve fund requirements.
             328          (d) A qualifying charter school that receives money from an appropriation to restore
             329      amounts on deposit in a debt service reserve fund to the debt service reserve fund requirement,
             330      shall repay the state at the time and in the manner as the authority shall require.
             331          (10) The authority may create and establish other funds for its purposes.
             332          Section 10. Section 53A-20b-202 is enacted to read:
             333          53A-20b-202. Charter School Reserve Account contribution requirements for
             334      qualifying charter schools.
             335          (1) When bonds are issued under the credit enhancement program for a qualifying
             336      charter school, the qualifying charter school shall contribute money to the reserve account in
             337      the amount determined as provided in Subsection (2).


             338          (2) The authority shall determine the up-front and ongoing requirements for
             339      contributions of money to the reserve account for each qualifying charter school.
             340          Section 11. Section 53A-20b-203 is enacted to read:
             341          53A-20b-203. Bond issuance.
             342          (1) (a) The state may not alter, impair, or limit the rights of bondholders or persons
             343      contracting with a qualifying charter school until the bonds, including interest and other
             344      contractual obligations, are fully met and discharged.
             345          (b) Nothing in this chapter precludes an alteration, impairment, or limitation if
             346      provision is made by law for the protection of bondholders or persons entering into contracts
             347      with a qualifying charter school.
             348          (2) The authority may require a qualifying charter school to vest in the authority the
             349      right to enforce any covenant made to secure bonds issued under the credit enhancement
             350      program by making appropriate provisions in the indenture related to the qualifying charter
             351      school's bonds.
             352          (3) The authority may require a qualifying charter school to make covenants and
             353      agreements in indentures or in a reimbursement agreement to protect the interests of the state
             354      and to secure repayment to the state of any money received by the qualifying charter school
             355      from an appropriation to restore amounts deposited in the qualifying charter school's debt
             356      service reserve fund to the debt service reserve fund requirement.
             357          (4) The authority may charge a fee to administer the issuance of bonds for a qualifying
             358      charter school.
             359          Section 12. Section 53A-20b-204 is enacted to read:
             360          53A-20b-204. Limitation on participation in Charter School Credit Enhancement
             361      Program.
             362          (1) In accordance with Subsection (2), on or before January 1 of each year, the
             363      authority shall determine the credit enhancement program's bond issuance limitation.
             364          (2) The authority may not issue bonds for a qualifying charter school under the credit
             365      enhancement program if the total par amount outstanding under the program would exceed an


             366      amount equal to the product of:
             367          (a) 1.3;
             368          (b) an amount equal to the quotient of:
             369          (i) annual charter school enrollment; divided by
             370          (ii) annual state enrollment; and
             371          (c) the total par amount then outstanding under the school bond guarantee program
             372      established in Chapter 28, Utah School Bond Guaranty Act.
             373          Section 13. Section 53A-20b-301 is enacted to read:
             374     
Part 3. Charter School Reserve Account

             375          53A-20b-301. Charter School Reserve Account.
             376          (1) There is created within the Education Fund a restricted account known as the
             377      "Charter School Reserve Account."
             378          (2) The reserve account consists of:
             379          (a) money credited to the account pursuant to Section 53A-20b-202 ;
             380          (b) money appropriated to the account by the Legislature;
             381          (c) all income and interest derived from the deposit and investment of money in the
             382      account;
             383          (d) federal grants; and
             384          (e) private donations.
             385          (3) Money in the reserve account may be appropriated by the Legislature to:
             386          (a) restore amounts on deposit in a debt service reserve fund of a qualifying charter
             387      school to the debt service reserve fund requirement;
             388          (b) pay fees and expenses of the authority;
             389          (c) pay the principal of and interest on bonds issued for a qualifying charter school; or
             390          (d) otherwise provide financial assistance to a qualifying charter school.
             391          Section 14. Section 63J-7-102 is amended to read:
             392           63J-7-102. Scope and applicability of chapter.
             393          (1) Except as provided in Subsection (2), and except as otherwise provided by a statute


             394      superseding provisions of this chapter by explicit reference to this chapter, the provisions of
             395      this chapter apply to each agency and govern each grant received on or after May 5, 2008.
             396          (2) This chapter does not govern:
             397          (a) a grant deposited into a General Fund restricted account;
             398          (b) a grant deposited into a Trust and Agency Fund as defined in Section 51-5-4 ;
             399          (c) a grant deposited into an Enterprise Fund as defined in Section 51-5-4 ;
             400          (d) a grant made to the state without a restriction or other designated purpose that is
             401      deposited into the General Fund as free revenue;
             402          (e) a grant made to the state that is restricted only to "education" and that is deposited
             403      into the Education Fund or Uniform School Fund as free revenue;
             404          (f) in-kind donations;
             405          (g) a tax, fees, penalty, fine, surcharge, money judgment, or other money due the state
             406      when required by state law or application of state law;
             407          (h) a contribution made under Title 59, Chapter 10, Part 13, Individual Income Tax
             408      Contribution Act;
             409          (i) a grant received by an agency from another agency or political subdivision;
             410          (j) a grant to the Dairy Commission created in Title 4, Chapter 22, Dairy Promotion
             411      Act;
             412          (k) a grant to the Utah Science Center Authority created in Title 63H, Chapter 3, Utah
             413      Science Center Authority;
             414          (l) a grant to the Heber Valley Railroad Authority created in Title 63H, Chapter 4,
             415      Heber Valley Historic Railroad Authority;
             416          (m) a grant to the Utah State Railroad Museum Authority created in Title 63H, Chapter
             417      5, Utah State Railroad Museum Authority;
             418          (n) a grant to the Utah Housing Corporation created in Title 9, Chapter 4, Part 9, Utah
             419      Housing Corporation Act;
             420          (o) a grant to the Utah State Fair Corporation created in Title 63H, Chapter 6, Utah
             421      State Fair Corporation Act;


             422          (p) a grant to the Workers' Compensation Fund created in Title 31A, Chapter 33,
             423      Workers' Compensation Fund;
             424          (q) a grant to the Utah State Retirement Office created in Title 49, Chapter 11, Utah
             425      State Retirement Systems Administration;
             426          (r) a grant to the School and Institutional Trust Lands Administration created in Title
             427      53C, Chapter 1, Part 2, School and Institutional Trust Lands Administration;
             428          (s) a grant to the Utah Communications Agency Network created in Title 63C, Chapter
             429      7, Utah Communications Agency Network Act;
             430          (t) a grant to the Medical Education Program created in Section 63C-8-102 ;
             431          (u) a grant to the Utah Capital Investment Corporation created in Title 63M, Chapter 1,
             432      Part 12, Utah Venture Capital Enhancement Act;
             433          (v) a grant to the [State] Utah Charter School Finance Authority created in Section
             434      53A-20b-103 ;
             435          (w) a grant to the State Building Ownership Authority created in Section 63B-1-304 ;
             436          (x) a grant to the Utah Comprehensive Health Insurance Pool created in Section
             437      31A-29-104 ; or
             438          (y) a grant to the Military Installation Development Authority created in Section
             439      63H-1-201 .
             440          (3) An agency need not seek legislative review or approval of grants under Part 2,
             441      Grant Approval Requirements, if:
             442          (a) the governor has declared a state of emergency; and
             443          (b) the grant is donated to the agency to assist victims of the state of emergency under
             444      Subsection 63K-4-201 (1).
             445          Section 15. Appropriation.
             446          Under the terms and conditions of Title 63J, Chapter 1, Budgetary Procedures Act, the
             447      following sums of money are appropriated from resources not otherwise appropriated, or
             448      reduced from amounts previously appropriated, out of the funds or accounts indicated for the
             449      fiscal year beginning July 1, 2012 and ending June 30, 2013. These are additions to any


             450      amounts previously appropriated for fiscal year 2013.
             451          To State Board of Education - Charter School Reserve Account
             452              From Education Fund, one-time
$3,000,000

             453              Schedule of Programs:
             454                  Charter School Reserve Account        $3,000,000
             455          Section 16. Effective date.
             456          This bill takes effect on July 1, 2012.


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