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. Fourth, fifth, or 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 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

  b. a sixth class county shall not receive less than $30,000 annually from the fund.

  2. If available monies held in the fund are not sufficient to cover amounts calculated in subsection (1) the disbursement shall be reduced on a pro-rata basis.

  3. The Office shall authorize these disbursements on an annual basis.