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Utah Code Title 53G. Public Education System--Local Administration § 53G-5-609. Limitation on participation in Charter School Credit Enhancement Program

Current as of January 01, 2025 | Updated by Findlaw Staff

(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 4, Part 8, School District Bond Guaranty.

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Cite this article: FindLaw.com - Utah Code Title 53G. Public Education System--Local Administration § 53G-5-609. Limitation on participation in Charter School Credit Enhancement Program - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-53g-public-education-system-local-administration/ut-code-sect-53g-5-609/

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