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Code · Utah · Title 63N — Economic Opportunity Act · Chapter 6

63N-6-204. Utah Capital Investment Restricted Account.

119 words·~1 min read·/ut/title-63n/chapter-6/63n-6-204

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Effective 7/1/2022
63N-6-204. Utah Capital Investment Restricted Account.
(1)There is created a restricted account within the General Fund known as the Utah Capital Investment Restricted Account.
(2)The restricted account shall be funded by disbursements from the Utah fund of funds or the corporation.
(3)The state treasurer shall:
(a)administer the account;
(b)invest money in the restricted account in accordance with Title 51, Chapter 7, State Money Management Act ; and
(c)deposit interest or other earnings derived from investment of restricted account money into the restricted account.
(4)The Legislature may appropriate funds from the restricted account to the General Fund or for any other lawful purpose.
Amended by Chapter 298 , 2022 General Session
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