{"data":{"id":"us-ut/utah-code-53f-9-302","jurisdiction":"us-ut","citation":"Utah Code § 53F-9-302","heading":"Minimum Basic Growth Account.","body":"(1) As used in this section, \"account\" means the Minimum Basic Growth Account created in this section.\n(2) There is created within the Income Tax Fund a restricted account known as the \"Minimum Basic Growth Account.\"\n(3) The account shall be funded by amounts deposited into the account in accordance with Section 53F-2-301.\n(4) The account shall earn interest.\n(5) Interest earned on the account shall be deposited into the account.\n(6) Upon appropriation by the Legislature:\n(a) 75% of the money from the account shall be used to fund the state's contribution to the voted local levy guarantee described in Section 53F-2-601; and\n(b) 25% of the money from the account shall be used to fund the Capital Outlay Foundation Program as provided in Section 53F-3-202.","path":["Title 53F Public Education System -- Funding","Chapter 53F-9 Funds and Accounts","Part 53F-9-3 Income Tax Fund"],"source_url":"https://le.utah.gov/xcode/Title53F/Chapter9/53F-9-S302.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"4c36514645cb49a3fe9a0afce8c5e6f5e8c8effafec877aa284c4cd02d70bbd1","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-53f-9-301","next":"us-ut/utah-code-53f-9-303"},"notice":"GroundRules: Original legal text. Not legal advice."}