2006 Utah Code - 9-8-704 — Division duties.

     9-8-704.   Division duties.
     The division shall, according to policy established by the board:
     (1) allocate monies from the state fund to the endowment fund created by a qualifying organization under Section 9-8-703;
     (2) determine the eligibility of each qualifying organization to receive monies from the state fund into the endowment fund of the qualifying organization;
     (3) determine the matching amount each qualifying organization must raise in order to qualify to receive monies 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 monies from the state fund.

Amended by Chapter 4, 1993 General Session