Terms Used In Utah Code > Title 53F > Chapter 3 - State Funding -- Capital Outlay Programs

• 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
• 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
• 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
• 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}
• 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.
• 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
• 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}