Utah Administrative Code
Topic - Education
Title R277 - Administration
Rule R277-420 - Aiding Financially Distressed School Districts
Section R277-420-4 - Procedures for Making Interfund Transfers
Current through Bulletin 2024-06, March 15, 2024
(1) A local school board may apply for an interfund transfer under this rule by filing a request with the Superintendent, which shall include:
(2) As part of a district application under Subsection (1) (a), the Superintendent shall:
(3) The Superintendent may only approve an interfund transfer under this rule if the Superintendent determines that:
(4) The Superintendent shall advise the Board of any transfers approved under this rule at the next regularly scheduled Board meeting.
(5) A school district designated as financially distressed may make nonrecurring or nonroutine interfund transfers to the district's maintenance and operation fund upon the approval of the Superintendent and in accordance with the plan submitted by the district under Subsection (1)(b).
(6) An interfund transfer shall be established by a school district under the direction of the local school board in an undistributed reserve account consistent with Section 53A-19-103.