(1) (a) The terms defined in Section 53G-5-102 apply to this section. (b) As used in this section, "account" means the Charter School Levy Account created in this section.
(a) The terms defined in Section 53G-5-102 apply to this section.
(b) As used in this section, "account" means the Charter School Levy Account created in this section.
(2) There is created within the Education Fund a restricted account known as the "Charter School Levy Account."
(3) The account shall be funded by amounts deposited into the account in accordance with Section 53F-2-703.
(4) Upon appropriation from the Legislature, the state board shall distribute funds from the account as described in Section 53F-2-703.
(5) The account shall earn interest.
(6) Interest earned on the account shall be deposited into the account.
(7) Funds in the account are nonlapsing.
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