2006 Utah Code - 9-10-102 — Legislative intent -- Uintah Basin Revitalization Fund -- Deposits and contents.

     9-10-102.   Legislative intent -- Uintah Basin Revitalization Fund -- Deposits and contents.
     (1) In order to maximize the long-term benefit of severance taxes derived from lands held in trust by the United States for the Tribe and its members by fostering funding mechanisms that will, consistent with sound financial practices, result in the greatest use of financial resources for the greatest number of citizens of the Uintah Basin, and in order to promote cooperation and coordination between the state, its political subdivisions, Indian tribes, and individuals, firms, and business organizations engaged in the development of oil and gas interests held in trust for the Tribe and its members, there is created a restricted special revenue fund entitled the "Uintah Basin Revitalization Fund."
     (2) The fund consists of all monies deposited to the Revitalization Fund under this part and Section 59-5-116.
     (3) (a) The Revitalization Fund shall earn interest.
     (b) All interest earned on fund monies shall be deposited into the fund.

Amended by Chapter 256, 2002 General Session