Utah Code 59-2-903. Remittance to credit of Uniform School Fund of money in excess of basic state-supported school program — Manner
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In providing for remittance to the State Board of Education of any excess collections from the tax levy applied for the basic state-supported school program as specified in Subsection
(1) by June 1, 95% of the amount by which the money then collected, pursuant to the levy, exceeds the estimated total basic state-supported school program of the district; or
Terms Used In Utah Code 59-2-903
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) as soon after the end of the school year as the school district and the State Board of Education can determine the actual cost of the district’s basic state-supported school program, the district and the State Board of Education shall make a final settlement.