Section 1002 - New industrial plants in school district -- Duty of school district.

UT Code § 53G-4-1002 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(1) bond to its maximum capacity and maintain maximum bonding by rebonding at least once every other year until building needs are met;

(2) maintain an annual property tax levy for capital outlay and debt service combined of not less than .0036 per dollar of taxable value; and

(3) initiate any action necessary to qualify for any state, federal, or other funds for capital outlay for which the district may be eligible.