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.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