{"data":{"id":"us-ut/utah-code-53f-9-303","jurisdiction":"us-ut","citation":"Utah Code § 53F-9-303","heading":"Charter School Reserve Account.","body":"(1) The terms defined in Section 53G-5-601 apply to this section.\n(2) There is created within the Income Tax Fund a restricted account known as the \"Charter School Reserve Account.\"\n(3) The reserve account consists of:\n(a) money credited to the account pursuant to Section 53G-5-607;\n(b) money appropriated to the account by the Legislature;\n(c) all income and interest derived from the deposit and investment of money in the account;\n(d) federal grants; and\n(e) private donations.\n(4) Money in the reserve account may be appropriated by the Legislature to:\n(a) restore amounts on deposit in a debt service reserve fund of a qualifying charter school to the debt service reserve fund requirement;\n(b) pay fees and expenses of the authority;\n(c) pay the principal of and interest on bonds issued for a qualifying charter school; or\n(d) otherwise provide financial assistance to a qualifying charter school.","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-S303.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"1f03aa8b8808e3650a93a0b4eb2c3e9e9a6139733610738b4b68b264e970b413","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-53f-9-302","next":"us-ut/utah-code-53f-9-304"},"notice":"GroundRules: Original legal text. Not legal advice."}