53F-9-302. Minimum Basic Growth Account.
(1) As used in this section, "account" means the Minimum Basic Growth Account created in this section.
(2) There is created within the Income Tax Fund a restricted account known as the "Minimum Basic Growth Account."
(3) The account shall be funded by amounts deposited into the account in accordance with Section. 53F-2-301
(4) The account shall earn interest.
(5) Interest earned on the account shall be deposited into the account.
(6) Upon appropriation by the Legislature: 75% of the money from the account shall be used to fund the state's contribution to the voted local levy guarantee described in Section; and 53F-2-601 25% of the money from the account shall be used to fund the Capital Outlay Foundation Program as provided in Section. 53F-3-202