2.0110.03 REQUIREMENTS Issue date: 1996/97
To facilitate participation and receive financial support from the Foundation Fund, the District may with Board approval: 1. Certify matching funds from private enterprise; 2. Certify compliance with guidelines for educational excellence established by the State Board of Education; 3. Establish a foundation authorized by statute to assist in the development and implementation of programs that rely on matching private and public funding to promote educational excellence. The District’s foundation: 1. May solicit and receive contributions from private enterprises earmarked for use in the foundation’s programs to promote educational excellence; 2. May not incur contractual obligations or liabilities which in any way constitute a claim against the District’s funds; 3. May not exercise executive, administrative or rule making authority over the programs except to the extent specified by the Board; 4. Is exempt from all taxes levied by the State or any of its political subdivisions with respect to any activity undertaken to promote or in connection with promotion of excellence. Utah Code § 53A-4-203
2.0120 REVENUE AND BUDGETING: LOCAL
2.0120.01 BORROWING IN ANTICIPATION OF TAXES Issue date: 1996/97 Updated: 01/03/19 CAB
The Board may borrow money in anticipation of the collection of taxes or other revenue of the School District so long as it complies with the Utah Local Government Bonding Act. Utah Code § 53G-4-602(1) (2018) Utah Code § 11-14-101 et seq. (2005)
2.0120.02 INDEBTEDNESS PURPOSES AND LIMITATIONS Issue date: 01/03/19 CAB
The Board may incur indebtedness for any purpose in the interest of education but shall not incur any indebtedness in excess of the estimated District revenues for the current school year. Utah Code § 53G-4-602(2) (2018)
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