2006 Utah Code - 9-6-504 — Duties of board.

     9-6-504.   Duties of board.
     The board shall:
     (1) allocate moneys from the state fund to the endowment fund created by a qualifying organization under Section 9-6-503;
     (2) determine the eligibility of each qualifying organization to receive moneys from the state fund into the endowment fund of the qualifying organization and be the final arbiter of eligibility;
     (3) determine the matching amount each qualifying organization must raise in order to qualify to receive moneys from the state fund;
     (4) establish a date by which each qualifying organization must provide its matching funds;
     (5) verify that matching funds have been provided by each qualifying organization by the date determined in Subsection (4); and
     (6) in accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking Act, establish criteria by rule not otherwise prescribed in this chapter for determining the eligibility of qualifying organizations to receive moneys from the state fund.

Renumbered and Amended by Chapter 241, 1992 General Session