63J-5-301. Definitions.
81 words·~1 min read·
/ut/title-63j/chapter-5/63j-5-301A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/1/2024
63J-5-301. Definitions.
As used in this part:
(1)"Federal receipts" means the federal financial assistance, as defined in 31 U.S.C. Sec. 7501, that is reported as part of a single audit.
(2)"Qualifying agency" means an agency that, in a single fiscal year, has federal receipts composing more than 33% of the agency's total budget.
(3)"Single audit" means the same as that term is defined in 31 U.S.C. Sec. 7501.
Enacted by Chapter 286 , 2024 General Session