Utah Code 53G-4-1002. New industrial plants in school district — Duty of school district
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A school district confronted with actual or anticipated large increases in enrollment because of the construction of a new industrial plant or plants to a degree that new buildings or additions to existing buildings are required shall make the following efforts to raise funds to meet those building needs:
(1) bond to its maximum capacity and maintain maximum bonding by rebonding at least once every other year until building needs are met;
Terms Used In Utah Code 53G-4-1002
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- 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) maintain an annual property tax levy for capital outlay and debt service combined of not less than .0036 per dollar of taxable value; and
(3) initiate any action necessary to qualify for any state, federal, or other funds for capital outlay for which the district may be eligible.