63L-8-307. Public Land Protection Fund -- Forfeitures and deposits.

217 words·~1 min read·/ut/title-63l/chapter-8/63l-8-307

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

Effective 5/10/2016

(1)There is created an expendable special revenue fund known as the "Public Land Protection Fund."

(2)The fund shall consist of:

(a)money appropriated by the Legislature;

(b)money received by the state as a result of:

(i)the forfeiture of a bond or other security by a resource developer or purchaser or permittee who does not fulfill the requirements of a contract or permit or does not comply with rules issued under this chapter; or

(ii)a compromise or settlement of any claim involving present or potential damage to the public land;

(c)money voluntarily donated or contributed to the fund; and

(d)interest earned on money in the fund.

(3)The DLM may expend money in the fund to cover the cost of any improvement, protection, or rehabilitation work on public land, which is rendered necessary by the action that led to a forfeiture, compromise, or settlement.

(4)If the director finds that any portion of a deposit or amount forfeited under this chapter is in excess of the cost of doing the work authorized under this chapter, the director may issue a refund of the amount in excess to be made from applicable funds.

Enacted by Chapter 317 , 2016 General Session