R277-477-6. School LAND Trust Program - Implementation of Plans and Required Reporting

  (1) A school shall implement a plan as approved.

  (2)(a) The principal shall submit a plan amendment authorized by Subsection 53G-7-1206(4)(d)(iii) through the School LAND Trust website for approval, including the date the council approved the amendment and the number of votes for, against, and absent.

  (b) The approving entity shall:

  (i) consider the amendment for approval; and

  (ii) approve an amendment before the school uses funds according to the amendment.

  (c) The School Children's Trust Section shall review an amendment for compliance with statute and rule before the school uses funds according to the amendment.

  (3)(a) A school shall provide an explanation for any carryover that exceeds one-tenth of the school's allocation in a given year in the School LAND Trust Plan or final report.

  (b) The Superintendent shall recommend a district or school with a consistently large carryover balance over multiple years for corrective action for not making adequate and appropriate progress on an approved plan.

  (c) The Superintendent may take corrective action to remedy excessive carryover balances consistent with Rule R277-114.

  (4) By approving a plan on the School LAND Trust website, the approving entity affirms that:

  (a) the entity has reviewed the plan; and

  (b) the plan meets the requirements of statute and rule.

  (5)(a) A district or charter school business official shall enter prior year audited expenditures by specific category on the School LAND Trust website on or before October 1.

  (b) The expenditure data shall appear in the final report submitted online by a principal, as required by Subsection 53G-7-1206(5)(b).

  (6) A principal shall submit a final report on the School LAND Trust website by October 20 annually.