Section 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: (a) 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 53F-2-601;(b) 20% of the money from the account shall be used to fund the Capital Outlay Foundation Program as provided in Section 53F-3-202; and(c) 5% of the money from the account shall be used to fund the Capital Outlay Enrollment Growth Program as provided in Section 53F-3-203.Amended by Chapter 7, 2023 General Session ,§ 7, eff. 7/1/2023.Amended by Chapter 456, 2022 General Session ,§ 15, eff. 3/24/2022.Amended by Chapter 186, 2019 General Session ,§ 300, eff. 5/14/2019.Amended by Chapter 456, 2018 General Session ,§ 20, eff. 5/8/2018, op. 1/1/2018.Renumbered from § 53A-17a-135.1 and amended by Chapter 2, 2018 General Session ,§ 187, eff. 1/24/2018.Added by Chapter 287, 2015 General Session ,§ 5, eff. 7/1/2015. Affected by 63I-2-253 on 7/1/2023