Utah Admin. Code R123-6-3 - Disbursements
1. Subject to Subsection (2), the disbursement of
monies held in the fund shall be determined based on the following:
a. Sixth class counties whose respective combined
levy exceeds the mean of the combined levies of all counties shall receive an amount
from the fund equal to 80% of the amount calculated when multiplying the county's
Proposed Tax Rate Value , as calculated by Utah State Tax Commission, by the portion
of their combined rate that exceeds the mean rate; and
b. Fifth class counties whose respective combined
levy exceeds the mean of the combined levies of all counties shall receive an amount
from the fund equal to 50% of the amount calculated when multiplying the county's
Proposed Tax Rate Value, as calculated by Utah State Tax Commission, by the portion
of their combined rate that exceeds the mean rate; and
c. Fourth class counties whose respective combined
levy exceeds the mean of the combined levies of all counties shall receive an amount
from the fund equal to 20% of the amount calculated when multiplying the county's
Proposed Tax Rate Value, as calculated by Utah State Tax Commission, by the portion
of their combined rate that exceeds the mean rate but not to exceed 0.000100.
d. a sixth class county shall not
receive less than $20,750 annually from the fund.
2. If available monies held in the fund are not
sufficient to cover amounts calculated in Subsection (1):
a. Full distributions shall be made to sixth class
counties; and
b. Distributions to fourth
and fifth class counties shall be reduced on a pro-rata basis based on monies
available after the distributions in Subsection (2)(a).
c. Notwithstanding Subsection (2)(b), fourth and
fifth class counties who have received previous distributions shall receive
distributions which minimize reductions compared to previous year
distributions.
3. If
available monies held in the fund exceed amounts calculated in Subsection (1),
distributions shall be increased on a pro-rata basis.
4. The Office shall authorize these disbursements
on an annual basis.
Notes
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