There is a newer version of the Utah Code
2015 Utah Code
Title 53A - State System of Public Education
Chapter 20b - Charter School Financing
Part 2 - Charter School Credit Enhancement Program
Section 204 - Limitation on participation in Charter School Credit Enhancement Program.
UT Code § 53A-20b-204 (2015) What's This?
53A-20b-204. Limitation on participation in Charter School Credit Enhancement Program. - (1) In accordance with Subsection (2), on or before January 1 of each year, the authority shall determine the credit enhancement program's bond issuance limitation.
- (2) The authority may not issue bonds for a qualifying charter school under the credit enhancement program if the total par amount outstanding under the program would exceed an amount equal to the product of:
- (a) 1.3;
- (b) an amount equal to the quotient of:
- (i) annual charter school enrollment; divided by
- (ii) annual state enrollment; and
- (c) the total par amount then outstanding under the school bond guarantee program established in Chapter 28, Utah School Bond Guaranty Act.
Enacted by Chapter 201, 2012 General Session
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