Appropriations to the Minimum School Program from the Uniform School Fund.
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(1) As used in this section:
(a) "Base budget" means the same as that term is defined in legislative rule.
(b) "Enrollment growth and inflation estimates" means the cost estimates regarding enrollment growth and inflation described in Section 53F-2-208.
(2) Except as provided in Subsection 53F-9-204(3), for a fiscal year beginning on or after July 1, 2021, when preparing the Public Education Base Budget, the Office of the Legislative Fiscal Analyst shall:
(a) include appropriations to the Minimum School Program from the Uniform School Fund, and, subject to Subsection 53F-9-204(3), the Public Education Economic Stabilization Restricted Account, in an amount that is greater than or equal to the sum of:
(i) the ongoing Education Fund and Uniform School Fund appropriations to the Minimum School Program in the current fiscal year; and
(ii) subject to Subsection 53F-9-204(3)(b), enrollment growth and inflation estimates; and
(b) except as provided in Subsection (4), an appropriation to increase the value of the weighted pupil unit that is greater than or equal to 10% of the difference between, as determined by the Office of the Legislative Fiscal Analyst:
(i) the estimated amount of ongoing Education Fund and Uniform School Fund revenue available for the Legislature to appropriate for the next fiscal year; and
(ii) the amount of ongoing appropriations from the Education Fund and Uniform School Fund in the current fiscal year.
(3) The total annual amount deposited into the Uniform School Fund, including the deposits through the distributions described in Sections 59-7-532 and 59-10-544, for a given fiscal year may not exceed the amount appropriated from the Uniform School Fund for that fiscal year.
(4)
(a) If an appropriation to increase the value of the weighted pupil unit described in Subsection (2)(b) would cause the cumulative amount of increases to the value of the weighted pupil unit, beginning for fiscal year 2022, to exceed $140,500,000, the Office of the Legislative Fiscal Analyst:
(i) shall include in the Public Education Base Budget an appropriation to increase the value of the weighted pupil unit that would cause the cumulative amount of increases to equal $140,500,000; and
(ii) is exempt from future application of Subsection (2)(b).
(b) Nothing in this section limits the Legislature's ability to appropriate additional amounts to increase the value of the weighted pupil unit.