2006 Utah Code - 9-14-102 — Rural Development Fund -- Deposits and contents -- Interest -- Administration.

     9-14-102.   Rural Development Fund -- Deposits and contents -- Interest -- Administration.
     (1) In order to compensate for the effects of the federal-state land exchange identified in Section 53C-3-201 that have a significant social or economic impact on rural areas of the state located in close proximity to where the former state lands are now designated as federal lands, there is created a restricted special revenue fund entitled the "Rural Development Fund."
     (2) The development fund sources of revenue are:
     (a) monies deposited to the fund under this chapter; and
     (b) monies deposited to the fund under Section 53C-3-202.
     (3) The development fund shall earn interest, which shall be deposited in the development fund.
     (4) The division may use development fund monies for administration of the fund, but not to exceed 2% of the annual receipts to the fund.
     (5) Any unallocated balance in the fund at the end of a fiscal year shall be nonlapsing.

Amended by Chapter 256, 2002 General Session