{"data":{"id":"us-ut/utah-code-53g-5-609","jurisdiction":"us-ut","citation":"Utah Code § 53G-5-609","heading":"Limitation on participation in Charter School Credit Enhancement Program.","body":"(1) In accordance with Subsection (2), on or before January 1 of each year, the authority shall determine the credit enhancement program's bond issuance limitation.\n(2) The authority may not issue bonds for a qualifying charter school under the credit enhancement program if the total par amount outstanding under the program would exceed an amount equal to the product of:\n(a) 2.0;\n(b) an amount equal to the quotient of:\n(i) annual charter school enrollment; divided by\n(ii) annual state enrollment; and\n(c) the total par amount then outstanding under the school bond guarantee program established in Chapter 4, Part 8, School District Bond Guaranty.","path":["Title 53G Public Education System -- Local Administration","Chapter 53G-5 Charter Schools","Part 53G-5-6 Charter School Credit Enhancement Program"],"source_url":"https://le.utah.gov/xcode/Title53G/Chapter5/53G-5-S609.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"b86a2b80e2631bd969c847cb3db24e2a8c018af52020c89a33bb97a35822e276","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-53g-5-608","next":"us-ut/utah-code-53g-6-101"},"notice":"GroundRules: Original legal text. Not legal advice."}