59-2-903 - Remittance to credit of Uniform School Fund of money in excess of basic state-supported school program -- Manner.
59-2-903. Remittance to credit of Uniform School Fund of money in excess of basicstate-supported school program -- Manner.
In providing for remittance to the State Board of Education of any excess collections fromthe tax levy applied for the basic state-supported school program as specified in Subsection59-2-902(4), the excess amount shall be remitted in the following manner:
(1) by June 1, 95% of the amount by which the money then collected, pursuant to thelevy, exceeds the estimated total basic state-supported school program of the district; or
(2) as soon after the end of the school year as the school district and the State Board ofEducation can determine the actual cost of the district's basic state-supported school program, thedistrict and the State Board of Education shall make a final settlement.
Amended by Chapter 3, 1988 General Session