2006 Utah Code - 53A-21-103.5 — Qualifications for participation in the Enrollment Growth Program -- State Board of Education rules -- Distribution formula.

     53A-21-103.5.   Qualifications for participation in the Enrollment Growth Program -- State Board of Education rules -- Distribution formula.
     (1) As used in this section:
     (a) "ADM" means average daily membership.
     (b) "Derived valuation" means total school district property tax current collections from April 1 through the following March 31, divided by the tax rates for the same year.
     (c) "Yield per ADM" means the product of the derived valuation multiplied by .0024, divided by average daily membership.
     (2) (a) The State Board of Education shall distribute monies in the Enrollment Growth Program to qualifying school districts whose:
     (i) average net enrollment for the prior three years is a net increase in enrollment; and
     (ii) yield per ADM is less than two times the prior year's average yield per ADM for Utah school districts.
     (b) A school district that meets the criteria of Subsection (2)(a) shall receive Enrollment Growth Program monies in the same proportion that the district's three-year average net enrollment bears to the total three-year net enrollment of all the districts that meet the criteria of Subsection (2)(a).
     (c) The State Board of Education shall make rules in accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking Act, to administer this section.

Amended by Chapter 184, 2005 General Session
Amended by Chapter 171, 2005 General Session