Section 53F-9-303 - Charter School Reserve Account(1) The terms defined in Section 53G-5-601 apply to this section.(2) There is created within the Income Tax Fund a restricted account known as the "Charter School Reserve Account."(3) The reserve account consists of: (a) money credited to the account pursuant to Section 53G-5-607;(b) money appropriated to the account by the Legislature;(c) all income and interest derived from the deposit and investment of money in the account;(4) Money in the reserve account may be appropriated by the Legislature to: (a) restore amounts on deposit in a debt service reserve fund of a qualifying charter school to the debt service reserve fund requirement;(b) pay fees and expenses of the authority;(c) pay the principal of and interest on bonds issued for a qualifying charter school; or(d) otherwise provide financial assistance to a qualifying charter school.Amended by Chapter 456, 2022 General Session ,§ 16, eff. 3/24/2022.Renumbered from § 53A-20b-301 and amended by Chapter 2, 2018 General Session ,§ 188, eff. 1/24/2018.Added by Chapter 201, 2012 General Session ,§ 13, eff. 7/1/2012.