2006 Utah Code - 9-4-702 — Creation and administration.

     9-4-702.   Creation and administration.
     (1) (a) There is created an enterprise fund known as the Olene Walker Housing Loan Fund, administered by the executive director or his designee.
     (b) The department shall be the administrator of the fund.
     (2) There shall be deposited into the fund:
     (a) grants, paybacks, bonuses, entitlements, and other moneys received by the department from the federal government to preserve, rehabilitate, build, restore, or renew housing or other activities authorized by the fund;
     (b) transfers, grants, gifts, bequests, or any money made available from any source to implement this part; and
     (c) moneys appropriated to the fund by the Legislature.
     (3) The moneys in the fund shall be invested by the state treasurer according to the procedures and requirements of Title 51, Chapter 7, except that all interest or other earnings derived from the fund moneys shall be deposited in the fund.

Amended by Chapter 175, 2001 General Session