59-31-401. Specialized Product Proceeds Restricted Account.
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Effective 1/1/2027
59-31-401. Specialized Product Proceeds Restricted Account.
(1)There is created within the General Fund a restricted account known as the "Specialized Product Proceeds Restricted Account."
(2)The Specialized Product Proceeds Restricted Account consists of:
(a)revenue collected from the tax imposed by Section 59-31-301 ;
(b)fine amounts collected under Subsection 59-31-201(3) ; and
(c)amounts appropriated by the Legislature.
(3)Subject to appropriation, money in the account may be used for any of the following:
(a)enforcement and performance of duties described in Title 4, Chapter 41, Hemp and Cannabinoid Act, by the Department of Agriculture and Food;
(b)enforcement and performance of duties described in Title 4, Chapter 45, Kratom Consumer Protection Act, by the Department of Agriculture and Food;
(c)investigations described in Section 77-39-101 , regarding cannabinoid products; and
(d)the Industrial Hemp Grant Program created in Section 63N-3-1302 .
Amended by Chapter 482 , 2026 General Session