Public Education Economic Stabilization Restricted Account Amendments

Summary

HB 521 establishes the Public Education Economic Stabilization Trust Fund, which the state treasurer will manage, and requires that money in the existing Public Education Economic Stabilization Restricted Account be transferred to this trust before any other one‑time education appropriations. The bill sets a funding formula, caps contributions at 11% of the Uniform School Fund, earmarks $350 million annually for the trust and $65 million for the Catalyst Center Grant, and exempts the fund from the Money Management Act. It has cleared the Utah House and now moves to the next legislative stage.

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