(1) There is created in the General Fund a restricted account known as the “School Readiness Restricted Account.”
lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Utah Code 35A-15-203

  • Contract: A legal written agreement that becomes binding when signed.
  • High quality school readiness program: means a preschool program that:
         (7)(a) is provided by an eligible LEA or eligible private provider; and
         (7)(b) meets the elements of a high quality school readiness program described in Section 35A-15-202. See Utah Code 35A-15-102
  • Results-based contract: means a contract that:
         (12)(a) is entered into in accordance with Section 35A-15-402;
         (12)(b) includes a performance outcome measure; and
         (12)(c) is between the department, a provider of a high quality school readiness program, and an investor. See Utah Code 35A-15-102
(2) The School Readiness Restricted Account consists of:

     (2)(a) money appropriated by the Legislature;
     (2)(b) all income and interest derived from the deposit and investment of money in the account;
     (2)(c) federal grants; and
     (2)(d) private donations.
(3) Subject to legislative appropriations, money in the restricted account may be used:

     (3)(a) to award a grant under Section 35A-15-301 or 35A-15-302;
     (3)(b) to contract with an evaluator;
     (3)(c) to fund the participation of eligible students in a high quality school readiness program through a results-based contract; and
     (3)(d) for administration costs and to monitor the programs described in this part.
(4) Money for awards under Subsection (3)(a) shall be allocated in the following order to:

     (4)(a) pay results-based contracts;
     (4)(b) grant awards under Section 35A-15-302; and
     (4)(c) if any allocated funds remain, grant awards under Section 35A-15-301.
  Previous section
Next section  
 Part 2 Contents