§ 22-3-401 Receipts from entity — Character of receipts from entity
§ 22-3-402 Receipts from entity — Distribution from trust or estate
§ 22-3-403 Receipts from entity — Business or other activity conducted by fiduciary
§ 22-3-404 Receipts not normally apportioned — Principal receipts
§ 22-3-405 Receipts not normally apportioned — Rental property
§ 22-3-406 Receipts not normally apportioned — Receipt on obligation to be paid in money
§ 22-3-407 Receipts not normally apportioned — Insurance policy or contract
§ 22-3-408 Receipts normally apportioned — Insubstantial allocation not required
§ 22-3-409 Receipts normally apportioned — Deferred compensation, annuity, or similar payment
§ 22-3-410 Receipts normally apportioned — Liquidating asset
§ 22-3-411 Receipts normally apportioned — Minerals, water, and other natural resources
§ 22-3-412 Receipts normally apportioned — Timber
§ 22-3-413 Receipts normally apportioned — Marital deduction property not productive of income
§ 22-3-414 Receipts normally apportioned — Derivative or option
§ 22-3-415 Receipts normally apportioned — Asset-backed security
§ 22-3-416 Receipts normally apportioned — Other financial instrument or arrangement

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Terms Used In Utah Code > Title 22 > Chapter 3 > Part 4 - Allocation of Receipts

  • ADM: means a full-day equivalent pupil. See Utah Code 53F-2-102
  • Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Amortization: Paying off a loan by regular installments.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assessment team: means a team consisting of:
         (1)(a) the student's parent;
         (1)(b) the student's private school classroom teacher;
         (1)(c) special education personnel from the student's school district; and
         (1)(d) if available, special education personnel from the private school at which the student is enrolled. See Utah Code 53F-4-301
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Authorized online course provider: means the entities listed in Subsection 53F-4-504(1). See Utah Code 53F-4-501
  • Base tax effort rate: means the average of:
         (2)(a) the highest combined capital levy rate; and
         (2)(b) the average combined capital levy rate for the school districts statewide. See Utah Code 53F-3-102
  • Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
  • basic school program: means public education programs for kindergarten, elementary, and secondary school students that are operated and maintained for the amount derived by multiplying the number of weighted pupil units for each school district or charter school by the value established each year in the enacted public education budget, except as otherwise provided in this chapter. See Utah Code 53F-2-102
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Bequest: Property gifted by will.
  • Certified online course provider: means a provider that the state board approves to offer courses through the Statewide Online Education Program. See Utah Code 53F-4-501
  • Combined capital levy rate: means a rate that includes the sum of the following property tax levies:
         (3)(a)
              (3)(a)(i) the debt service levy authorized in Section 11-14-310; and
              (3)(a)(ii) the voted capital outlay leeway authorized in Section 53F-8-402; or
         (3)(b)
              (3)(b)(i) the capital local levy authorized in Section 53F-8-303; and
              (3)(b)(ii) the debt service levy authorized in Section 11-14-310. See Utah Code 53F-3-102
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Credit: means credit for a high school course, or the equivalent for a middle school course, as determined by the state board. See Utah Code 53F-4-501
  • Dependent: A person dependent for support upon another.
  • Derived net taxable value: means the quotient of:
         (4)(a) the total property tax collections from April 1 through the following March 31 for a school district for the calendar year preceding the March 31 date; divided by
         (4)(b) the school district's total tax rate for the calendar year preceding the March 31 referenced in Subsection (4)(a). See Utah Code 53F-3-102
  • Devise: To gift property by will.
  • Director: means the director of ULEAD appointed under this part. See Utah Code 53E-10-701
  • Eligible private school: means a private school that meets the requirements of Section 53F-4-303. See Utah Code 53F-4-301
  • Eligible student: means a student:
              (4)(a)(i) who intends to take a course for middle school or high school credit; and
              (4)(a)(ii)
                   (4)(a)(ii)(A) who is enrolled in an LEA in Utah;
                   (4)(a)(ii)(B) who attends a private school or home school andwhose custodial parent is a resident of Utah; or
                   (4)(a)(ii)(C) who is an exchange student residing in Utah and enrolled in an LEA or private school in Utah. See Utah Code 53F-4-501
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Exchange student: means a student sponsored by an agency approved by an LEA or private school governing board or a student who has an F-1, J-1, or J-2 visa. See Utah Code 53F-4-501
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Guardian: includes a person who:
         (14)(a) qualifies as a guardian of a minor or incapacitated person pursuant to testamentary or court appointment; or
         (14)(b) is appointed by a court to manage the estate of a minor or incapacitated person. See Utah Code 68-3-12.5
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • High school: means grade 9, 10, 11, or 12. See Utah Code 53F-4-501
  • Highest combined capital levy rate: means the highest combined capital levy rate imposed by a school district within the state for a fiscal year. See Utah Code 53F-3-102
  • Intellectual disability: means a significant, subaverage general intellectual functioning that:
         (16)(a) exists concurrently with deficits in adaptive behavior; and
         (16)(b) is manifested during the developmental period as defined in the current edition of the Diagnostic and Statistical Manual of Mental Disorders, published by the American Psychiatric Association. See Utah Code 68-3-12.5
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Land: includes :
         (18)(a) land;
         (18)(b) a tenement;
         (18)(c) a hereditament;
         (18)(d) a water right;
         (18)(e) a possessory right; and
         (18)(f) a claim. See Utah Code 68-3-12.5
  • LEA: means a public:
         (3)(a) school district;
         (3)(b) school; or
         (3)(c) charter school. See Utah Code 53E-10-701
  • LEA: means :
         (3)(a) a school district; or
         (3)(b) a charter school. See Utah Code 53F-4-301
  • LEA governing board: means :
         (5)(a) for a school district, the local school board;
         (5)(b) for a charter school, the charter school governing board; or
         (5)(c) for the Utah Schools for the Deaf and the Blind, the state board. See Utah Code 53E-1-102
  • LEA governing board: means a local school board or charter school governing board. See Utah Code 53F-2-102
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Marital deduction: The deduction(s) that can be taken in the determination of gift and estate tax liabilities because of the existence of a marriage or marital relationship.
  • Middle school: means , only for purposes of student eligibility to participate in the Statewide Online Education Program, grade 6, 7, or 8. See Utah Code 53F-4-501
  • Minimum School Program: means the state-supported public school programs for kindergarten, elementary, and secondary schools as described in this Subsection (4). See Utah Code 53F-2-102
  • Month: means a calendar month, unless otherwise expressed. See Utah Code 68-3-12.5
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Online course: means a course of instruction offered by the Statewide Online Education Program through the use of digital technology, regardless of whether the student participates in the course at home, at school, at another location, or any combination of these. See Utah Code 53F-4-501
  • Participating institution: means a public or private research institution that enters into an arrangement with the director to provide research and other services described in this part. See Utah Code 53E-10-701
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: means :
         (24)(a) an individual;
         (24)(b) an association;
         (24)(c) an institution;
         (24)(d) a corporation;
         (24)(e) a company;
         (24)(f) a trust;
         (24)(g) a limited liability company;
         (24)(h) a partnership;
         (24)(i) a political subdivision;
         (24)(j) a government office, department, division, bureau, or other body of government; and
         (24)(k) any other organization or entity. See Utah Code 68-3-12.5
  • Personal property: All property that is not real property.
  • Personal property: includes :
         (25)(a) money;
         (25)(b) goods;
         (25)(c) chattels;
         (25)(d) effects;
         (25)(e) evidences of a right in action;
         (25)(f) a written instrument by which a pecuniary obligation, right, or title to property is created, acknowledged, transferred, increased, defeated, discharged, or diminished; and
         (25)(g) a right or interest in an item described in Subsections (25)(a) through (f). See Utah Code 68-3-12.5
  • Plan for college and career readiness: means the same as that term is defined in Section 53E-2-304. See Utah Code 53F-4-501
  • Preschool: means an education program for a student who:
         (4)(a) is age three, four, or five; and
         (4)(b) has not entered kindergarten. See Utah Code 53F-4-301
  • primary LEA: means the LEA in which an eligible student is enrolled for courses other than online courses offered through the Statewide Online Education Program. See Utah Code 53F-4-501
  • Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • Quorum: The number of legislators that must be present to do business.
  • Released-time: means a period of time during the regular school day a student is excused from school at the request of the student's parent pursuant to rules of the state board. See Utah Code 53F-4-501
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Research clearinghouse: means a collection of information maintained and distributed by ULEAD in accordance with Section 53E-10-706. See Utah Code 53E-10-701
  • Scholarship student: means a student who receives a scholarship under this part. See Utah Code 53F-4-301
  • selection committee: means the committee created in Section 53E-10-704 that appoints the director. See Utah Code 53E-10-701
  • 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
  • State board: means the State Board of Education. See Utah Code 53E-1-102
  • State superintendent: means the state superintendent of public instruction appointed under Section 53E-3-301. See Utah Code 53E-1-102
  • Statute: A law passed by a legislature.
  • Steering committee: means the committee that:
         (6)(a) advises the director;
         (6)(b) sets research priorities as described in this part; and
         (6)(c) is created in Section 53E-10-707. See Utah Code 53E-10-701
  • Supplemental appropriation: Budget authority provided in an appropriations act in addition to regular or continuing appropriations already provided. Supplemental appropriations generally are made to cover emergencies, such as disaster relief, or other needs deemed too urgent to be postponed until the enactment of next year's regular appropriations act.
  • Trustee: A person or institution holding and administering property in trust.
  • ULEAD: means Utah Leading through Effective, Actionable, and Dynamic Education through the efforts of the director, participating institutions, and the steering committee as described in this part. See Utah Code 53E-10-701
  • United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
  • Value of the weighted pupil unit: means the amount established each year in statute that is multiplied by the number of weighted pupil units to yield the funding level for the basic state-supported school program. See Utah Code 53F-4-301
  • Writing: includes :
         (48)(a) printing;
         (48)(b) handwriting; and
         (48)(c) information stored in an electronic or other medium if the information is retrievable in a perceivable format. See Utah Code 68-3-12.5