53F-9-301. Charter School Levy Account.
(1) The terms defined in Sectionapply to this section. 53G-5-102 As used in this section, "account" means the Charter School Levy Account created in this section.
(2) There is created within the Income Tax 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.