19-1-403.3. Conversion to Alternative Fuel Grant Program Fund -- Contents -- Grants made with fund money.

225 words·~1 min read·/ut/title-19/chapter-1/19-1-403-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/6/2026

(a)There is created an expendable special revenue fund known as the "Conversion to Alternative Fuel Grant Program Fund."

(b)The fund consists of:

(i)appropriations to the fund;

(ii)other public and private contributions made under Subsection (1)(c) ;

(iii)fees established by the department, as described in Subsection (3)(a) , and deposited into the fund; and

(iv)interest earnings on cash balances.

(c)The department may accept contributions from other public and private sources for deposit into the fund.

(2)The department may make a grant with money available in the fund to a person who installs conversion equipment on an eligible vehicle, as described in Sections 19-2-302 through 19-2-304 .

(3)The department may:

(a)establish an application fee for a grant from the fund by following the procedures and requirements of Section 63J-1-504 ; and

(b)reimburse the department for the costs incurred in administering the fund from:

(i)the fund; or

(ii)application fees established under Subsection (3)(a) .

(a)The fund balance may not exceed $10,000,000.

(b)Interest on cash balances in excess of the amount necessary to maintain the fund balance at $10,000,000 shall be deposited into the General Fund.

Amended by Chapter 492 , 2026 General Session