Section 53F-3-203 - Capital Outlay Enrollment Growth Program created - Distribution formulas - Allocations(1) As used in this section:(a) "Average annual net enrollment increase" means the quotient of: (i)(A) enrollment in the prior fiscal year, based on October 1 enrollment counts excluding a pupil fully enrolled in an online education program for at least 180 days; minus(B) enrollment in the year four years prior, based on October 1 enrollment counts excluding a pupil fully enrolled in an online education program for at least 180 days; divided by(b) "Eligible district" or "eligible school district" means a school district that: (i) has an average annual net enrollment increase; and(ii) has a property tax base per ADM in the year two years prior that is less than two times the statewide average property tax base per ADM in the year two years prior.(2) There is created the Capital Outlay Enrollment Growth Program to provide capital outlay funding to school districts experiencing net enrollment increases.(3) The state board shall annually allocate appropriated funds to eligible school districts in accordance with Subsection (4).(4) The state board shall allocate to an eligible school district an amount equal to the product of: (a) the quotient of: (i) the eligible school district's average annual net enrollment increase; divided by(ii) the sum of the average annual net enrollment increase in all eligible school districts; and(b) the total amount appropriated for the Capital Outlay Enrollment Growth Program in that fiscal year.Amended by Chapter 471, 2024 General Session ,§ 2, eff. 7/1/2024.Amended by Chapter 186, 2019 General Session ,§ 226, eff. 5/14/2019.Renumbered from § 53A-21-302 and amended by Chapter 2, 2018 General Session ,§ 69, eff. 1/24/2018.Enacted by Chapter 236, 2008 General Session.