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Senate advances constitutional amendment to cap and smooth school trust distributions
Utah Senate · February 18, 2016
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Summary
Senate Joint Resolution 12 would amend the Utah Constitution to authorize a capped trust distribution (4% maximum) computed on a 12-quarter rolling average and adjusted for enrollment and CPI; the measure moved to third reading and passed a roll-call vote.
Senate Joint Resolution 12, sponsored by Senator Milner, would amend the Utah Constitution to permit a trust distribution formula that caps distributions at 4 percent and computes payouts using a 12-quarter rolling average, with additional…
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