20-9-516. School facility and technology account.
20-9-516. School facility and technology account. (1) There is a school facility and technology account in the state special revenue fund provided for in 17-2-102. The purpose of the account is to provide money to schools for:
(a) major deferred maintenance;
(b) improving energy efficiency in school facilities;
(c) critical infrastructure in school districts;
(d) emergency facility needs; and
(e) technological improvements.
(2) There must be deposited in the account:
(a) an amount of money equal to the income attributable to the difference between the average sale value of 18 million board feet and the total income produced from the annual timber harvest on common school trust lands during the fiscal year;
(b) the mineral royalties transferred from the guarantee account as provided in 20-9-622; and
(c) the rental income received from power site leases as provided in 77-4-208.
History: En. Sec. 8, Ch. 1, Sp. L. May 2007; amd. Sec. 14, Ch. 377, L. 2009.