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2020 Utah Code
Title 13 - Commerce and Trade
Chapter 1 - Department of Commerce
Section 16 - Latino Community Support Restricted Account.
Universal Citation: UT Code § 13-1-16 (2020)
Effective 10/15/2020
13-1-16. Latino Community Support Restricted Account.
Enacted by Chapter 405, 2020 General Session
13-1-16. Latino Community Support Restricted Account.
- (1) There is created in the General Fund a restricted account known as the "Latino Community Support Restricted Account."
- (2) The account shall be funded by:
- (a) contributions deposited into the account in accordance with Section 41-1a-422;
- (b) private contributions; and
- (c) donations or grants from public or private entities.
- (3)
- (a) The state treasurer shall invest money in the account according to Title 51, Chapter 7, State Money Management Act.
- (b) The Division of Finance shall deposit interest or other earnings derived from investment of account money into the General Fund.
- (4) Subject to appropriation, the department shall distribute the money in the account to one or more charitable organizations that:
- (a) are tax exempt under Section 501(c)(3), Internal Revenue Code; and
- (b) have as a primary part of the organization's mission to strengthen the state's Latino community by:
- (i) creating strong leaders through education and mentoring;
- (ii) providing scholarships and educational financial support; and
- (iii) recognizing academic and vocational achievement, and school and community leadership.
- (5) The department may also expend funds in the account to pay the costs of issuing or reordering Latino Community support special group license plate decals.
- (6) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the department shall make rules providing procedures for an organization to apply to receive money under this section.
Enacted by Chapter 405, 2020 General Session
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