53F-8-302. Board local levy.
(1) The terms defined in Sectionapply to this section. 53F-2-102
(2) Subject to the other requirements of this section, a local school board may levy a tax to fund the school district's general fund.
(3) For purposes of this Subsection, "combined rate" means the sum of: (3) the rate imposed by a local school board under Subsection; and (2) the charter school levy rate, described in Section, for the local school board's school district. 53F-2-703 Beginning on January 1, 2018, a school district's combined rate may not exceed.0025 per dollar of taxable value in any calendar year.
(4) In addition to the revenue a school district collects from the imposition of a levy pursuant to this section, the state shall contribute an amount as described in Section. 53F-2-601
(5) For a calendar year beginning on or after January 1, 2017, the State Tax Commission shall adjust a board local levy rate imposed by a local school board under this section by the amount necessary to offset the change in revenues from the charter school levy imposed under Section. 53F-2-703 A local school board is not required to comply with the notice and public hearing requirements of Sectionfor an offset described in Subsectionto the change in revenues from the charter school levy imposed under Section. 59-2-919 (5)(a) 53F-2-703 So long as the charter school levy rate does not exceed 25% of the charter school levy per district revenues, a local school board may not increase a board local levy rate under this section if the purpose of increasing the board local levy rate is to capture the revenues assigned to the charter school levy through the adjustment in a board local levy rate under Subsection. (5)(a) Before a local school board takes action to increase a board local levy rate under this section, the local school board shall: prepare a written statement that attests that the local school board is in compliance with Subsection; (5)(c) read the statement described in Subsectionduring a local school board public meeting where the local school board discusses increasing the board local levy rate; and (5)(d)(i) send a copy of the statement described in Subsectionto the State Tax Commission. (5)(d)(i)