Utah Code § 35A-8-1704

Current through the 2024 Fourth Special Session
Section 35A-8-1704 - Navajo Revitalization Fund
(1)
(a) There is created an expendable special revenue fund called the "Navajo Revitalization Fund."
(b) The revitalization fund shall consist of:
(i) money deposited to the revitalization fund under this part;
(ii) money deposited to the revitalization fund under Section 59-5-119; and
(iii) any loan repayment or interest on a loan issued under this part.
(2)
(a) The revitalization fund shall earn interest.
(b) The interest earned on revitalization fund money shall be deposited into the fund.
(3) Beginning for fiscal year 2010-11, the division may use revitalization fund money for the administration of the revitalization fund, but this amount may not exceed 4% of the annual receipts to the revitalization fund.

Utah Code § 35A-8-1704

Amended by Chapter 136, 2019 General Session ,§ 46, eff. 5/14/2019.
Amended by Chapter 400, 2013 General Session ,§ 22, eff. 5/14/2013.
Renumbered from 9-11-104 and amended by Chapter 212, 2012 General Session ,§ 150, eff. 7/1/2012.
Amended by Chapter 303, 2011 General Session