Utah Code § 53G-5-609
Limitation on participation in Charter School Credit Enhancement Program
Utah · Utah Code Title 53G — Public Education System -- Local Administration · Status: effective
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- Utah Code § 53G-5-609, Limitation on participation in Charter School Credit Enhancement Program, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2340397
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(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) 2.0;
(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.