Superseded 1/1/2027
139 words·~1 min read·
/ut/title-59/chapter-31/1-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 1/1/2025
Superseded 1/1/2027
59-31-401. Cannabinoid Proceeds Restricted Account.
(1)There is created within the General Fund a restricted account known as the "Cannabinoid Proceeds Restricted Account."
(2)The Cannabinoid Proceeds Restricted Account consists of:
(a)revenue collected from the tax imposed by Section 59-31-301 ; and
(b)amounts appropriated by the Legislature.
(3)Subject to appropriation, money in the account may be used for the following:
(a)enforcement of Title 4, Chapter 41, Hemp and Cannabinoid Act by the Department of Agriculture and Food;
(b)investigations described in Section 77-39-101 , regarding cannabinoid products;
(c)the Industrial Hemp Grant Program created in Section 63N-3-1302 ; and
(d)provided to counties, cities, and towns in proportion to the county's, city's, or town's distribution under Section 59-12-205 for the preceding fiscal year.
Enacted by Chapter 35 , 2024 General Session