2006 Utah Code - 11-38-303 — Commission expenses -- Division of Finance responsibilities -- Investment of monies into the fund -- Interest to accrue to the fund.

     11-38-303.   Commission expenses -- Division of Finance responsibilities -- Investment of monies into the fund -- Interest to accrue to the fund.
     (1) Commission expenses and the costs of administering loans from the fund, as provided in Subsection (2), shall be paid from the fund.
     (2) (a) The Division of Finance shall be responsible for the care, custody, safekeeping, collection, and accounting for loans issued by the commission as provided in Section 63-65-4.
     (b) The Division of Finance may charge to the fund the administrative costs incurred in discharging the responsibilities imposed by Subsection (2)(a).
     (3) The state treasurer shall invest all monies deposited into the fund, and all interest from investing the monies shall accrue to the fund.

Enacted by Chapter 24, 1999 General Session