53F-8-403. School transportation levy.
(1) Except as provided in Subsection, a local school board may provide for the transportation of students regardless of the distance from school, from a tax rate not to exceed.0003 per dollar of taxable value levied by the local school board. (5)
(2) A local school board may use revenue from the tax described in Subsectionto pay for transporting students and for the replacement of school buses. (1)
(3) If a local school board levies a tax under Subsectionof at least.0002, the state may contribute an amount not to exceed 85% of the state average cost per mile, contingent upon the Legislature appropriating funds for a state contribution. (1) The state board's employees shall distribute the state contribution according to rules enacted by the state board.
(4) The amount of state guarantee money that a school district would otherwise be entitled to receive under Subsectionmay not be reduced for the sole reason that the school district's levy is reduced as a consequence of changes in the certified tax rate under Sectiondue to changes in property valuation. (3) 59-2-924 Subsectionapplies for a period of two years following the change in the certified tax rate. (4)(a)
(5) Beginning January 1, 2012, a local school board may not impose a tax in accordance with this section.
(6) The terms defined in Sectionapply to this section. 53F-2-102