2006 Utah Code - 63-38-7 — Cash funds -- Petty cash, application for -- Cash advances -- Revolving fund established by law excepted.

     63-38-7.   Cash funds -- Petty cash, application for -- Cash advances -- Revolving fund established by law excepted.
     (1) Before any new petty cash funds may be established, the commission, department, or agency requesting the fund or funds shall apply in writing to the state fiscal officer, setting out the reasons for which it is needed and the amount requested.
     (2) The state fiscal officer shall review the application and submit it to the governor with his recommendations, and the governor may establish the fund or funds from moneys in the state treasury.
     (3) The state fiscal officer may, in lieu of establishing petty cash, imprest cash, or revolving funds for state institutions of higher education, permit advances to be made from allotments to the institutions in sufficient amounts to provide necessary working bank balances to facilitate an orderly management of institutional affairs. The institutions shall make reports as required by the state fiscal officer for the expenditure of funds included in any advances.
     (4) Revolving funds established by law are not subject to the provisions of this section.

Amended by Chapter 169, 1997 General Session