Go to Previous Versions
of
this Section
2025 Utah Code
Title 40 - Mines and Mining
Chapter 6 - Board and Division of Oil, Gas, and Mining
Section 19 - Bond and Surety Forfeiture Fund -- Contents -- Use of fund money.
Universal Citation:
UT Code § 40-6-19 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Effective 5/4/2022
40-6-19. Bond and Surety Forfeiture Fund -- Contents -- Use of fund money.
Amended by Chapter 451, 2022 General Session
40-6-19. Bond and Surety Forfeiture Fund -- Contents -- Use of fund money.
- (1) There is created an administrative fund within the General Fund known as the "Bond and Surety Forfeiture Fund."
- (2) Money collected by the Division of Oil, Gas, and Mining as a result of bond or surety forfeitures shall be deposited in the fund.
- (3) Interest earned on money in the fund shall accrue to the fund.
- (4)
- (a) Money from each forfeited bond or surety, together with interest, shall be used by the Division of Oil, Gas, and Mining to accomplish the requisite performance standards under the program to which the forfeited bond or surety corresponds.
- (b) Any money not used for a project shall be returned to the rightful claimant.
Amended by Chapter 451, 2022 General Session
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
