2006 Utah Code - 4-18-6 — Agriculture Resource Development Fund -- Contents -- Use of fund monies.

     4-18-6.   Agriculture Resource Development Fund -- Contents -- Use of fund monies.
     (1) There is created a revolving loan fund known as the Agriculture Resource Development Fund.
     (2) The Agriculture Resource Development Fund shall consist of:
     (a) money appropriated to it by the Legislature;
     (b) sales and use tax receipts transferred to the fund pursuant to Section 59-12-103;
     (c) money received for the repayment of loans made from the fund;
     (d) money made available to the state for agriculture resource development from any source; and
     (e) interest earned on the fund.
     (3) The commission shall make loans from the Agriculture Resource Development Fund as provided by Section 4-18-5.
     (4) For fiscal year 2003-04 only, up to $500,000 in the Agriculture Resource Development Fund may be appropriated by the Legislature to the Utah Rural Rehabilitation Fund created in Section 4-19-4.

Amended by Chapter 316, 2003 General Session