2016 Utah Code
Title 4 - Utah Agricultural Code
Chapter 18 - Conservation Commission Act
Section 106 - Agriculture Resource Development Fund -- Contents -- Use of fund money -- Authority board.

UT Code § 4-18-106 (2016) What's This?
Effective 5/10/2016
4-18-106. Agriculture Resource Development Fund -- Contents -- Use of fund money -- Authority board.
  • (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 in accordance with 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 Subsections 4-18-105(1)(e)(i) through (iv).
  • (4) The commission may appoint an advisory board that shall:
    • (a) oversee the award process for loans, as described in this section;
    • (b) make recommendations to the commission regarding loans; and
    • (c) recommend the policies and procedures for the Agriculture Resource Development Fund, consistent with statute.


Amended by Chapter 19, 2016 General Session

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