Show COMPLETE TEXT OF PROPOSITION NO 6 RESOLUTION AMENDING THE REVENUE AND TAXATION ARTICLE AND EDUCATION ARTICLE FOR THE SUPPORT OF THE PUBLIC EDUCATION AND HIGHER EDUCATION SYSTEMS Jf )1NT HESOLLTION OF THE LEGISIATURK PR0PU8-INTO AMEND THE LI AH CONSTITUTION AMENDING THE REVENUE AND TAXATION ARTICLE AND A EDUCATION ARTICLE PROVIDING ALLOCATION TO THE SUPPORT EDUCATION SYSTEM AND HIGHER TEM PROVIDING FOR UNIFORM PHOVIDLNC AN EFFECTIVE DATE "hi revolution propone to changer the State School Fund ahall be guaranteed divertion 13 FOR INCOME TAX OF THE PUBLIC EDUCATION SYSIANGUAGE AND l'uh Conatitution a fo- There i eatabliahrd a Uniform School Fund which ahall of revenue from the following aource cf ARTICLE X SECTION 5 ARTICLE XIII SECTION Vi rrvAitd by the Legiaialure of the itate of Utah oil member elected to each of the lu o Aoutea ioting Section I It I proponed to amend Article Utah Conatitution to read: loa or con-i- it bi revenue! appropnaled by the Legiaialure and AMENDS: it again! la i intereat from the State School Fund remaining after deduction ofthe amount retained in the State School Fund to protect the fund again! loanea due to inflation llow: H by the ulate other revenue! received by the fund under any other of law or by donation provi-iio- n Mi The Uniform School Fund ahall be maintained and uaed for the aupport of the atate'e public I elementary and aawmdary acboolal education tviitem a defined ir Article X Section 'i oi thi conxtitu-noand apportioned aa the Legialature khall provide tu of in faior there-- ! 5 Section A It la proponed to emend Article XIIL Section I A L'Uh Conatitution to read: Article X Section A (State School Fund and Uniform School Fund — Katabliahmcnt and ue Article XIII Section 1 A (Stomp income occupation lirenae or franchiae tax permiaaible — Reference to United Htotea la wa in impoaition of income toxea — Income or intangible property toxea allocated to public education ayatem end higher education ayatem) ' 1 Nothing in thi Conatitution ahall he convtrued to prevent the 1 a'A ? X Section There i eatabliahed a permanent State School Fund which eonaial of revenue from the following tourer proceed from the tale of ail land granted by the United tea to thin atale for the aupport of the publu elementary and net--'1ry athuola mi v-- i h Vt of the net proceed from d lying within thm ataie the caiec of United State 1 Legiaialure from providing a ktamp lax or a tax baaed on income occupation licenae franchiae or other tax provided by law The may provide for deductionk exemption or off net on any tax baaed upon income occupation licenaek franchiae or other tax a provided by law punuant to thi kectwn lgilture public e ' all revenue derived Iron reaource on atate rda other than aovereign land arid 'and granted for other ape- iTc purpoaea nofr-?i-bl- ii all revenue derived from the - je of arhoo e ‘‘it Notwithatanding any proviaion of thia (xuiktitution the in any law impoaing income Uu--i may define the amount on in reaped to or by which the taxex are unpoied or meaaured by reference to any proviaion of the law of the United State a the aame may be or become effective at any time or from time to time and may preacrihe exemption or modification to any uch provi-aw- n trust land and other revenue appropnaled by 'tie Legiaialure State School Fund principal n!l tie tafely irreated and the late m perpeiuty Only te iotereat recei ed from of the State Sr bool t und may tie expended for the aupport ’M- - public ‘elerraoitar andawondai achooial ed j cation ayatem - Defined iii Artak X btflttti 2 ‘A itu twixUUiljMc The lgila-- ' Je may make appropriate Iron rr oo! truat land revenue to ide funding neceeeary for the proper admmiktration and mar-- ' of thone land conaialenl w ith the ttate'a fiduciary reapon-Oiiiiitoward the hereficiane ’A the chwl land trut Unex-debalance remaining from the appropriation at the end of i’!i final year ahall le deposited in the State School Fund A por-- ‘ on of the interel earning of the Slate School Fund in an amount ial in the total balance r itie Slate ScW Fund at the rkat of i' h calendar year multiplied by the arr ja! rate of inflation for the r if year a deter? ir'-- by Ve e’iite treaurer hall be re- o 4 in tfie Slate vriool Food r d added to the principal Ttie 2 The e i by All revenue received from laxe on in'oira- - or Iroiri laxe oil intangible property xball be allocated to the aupport of the public 'kahoolf education ayatem ard the iiight xyxluu aa defined in Article X Sec J Section 2 of thi Constitution 3- Section 3 Submittal to elector e The lieutenant governor i directed to aubmit amendment to the elector of the atate of Utah allbfjiSAl election m the manner pcaudtd by d Section 4 Utwj-tib- ) L -- 41 Effective date lire elector of ihtxUtt rtaoiubon ihall fake tlcU tht mtndo?t proposed onNii'tmW 5 l'J'A |