2006 Utah Code - 9-15-102 — Rural Electronic Commerce Communications System Fund -- Deposits and contents -- Interest -- Administration.

     9-15-102.   Rural Electronic Commerce Communications System Fund -- Deposits and contents -- Interest -- Administration.
     (1) In order to preserve and promote communications systems, such as broadcast television, in the rural areas of the state, there is created a restricted special revenue fund entitled the "Rural Electronic Commerce Communications System Fund."
     (2) The fund shall consist of:
     (a) monies deposited to the fund under this chapter;
     (b) monies deposited to the fund under Section 53C-3-202; and
     (c) bond proceeds from the issuance and sale of revenue bonds authorized under Subsection 9-15-104(2).
     (3) The fund shall earn interest, which shall be deposited in the fund.
     (4) Any unallocated balance in the fund at the end of a fiscal year shall be nonlapsing.
     (5) The division may use fund monies for administration of the fund, but not to exceed 2% of the annual receipts to the fund.

Amended by Chapter 256, 2002 General Session