9-8-704. Society duties.
167 words·~1 min read·
/ut/title-9/chapter-8/9-8-704A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 7/1/2023
9-8-704. Society duties.
The society shall, according to policy established by the board:
(1)allocate money from funds made available for that purpose to the endowment fund created by a qualifying organization under Section 9-8-703 ;
(2)determine the eligibility of each qualifying organization to receive money from funds made available for that purpose into the endowment fund of the qualifying organization;
(3)determine the matching amount each qualifying organization must raise in order to qualify to receive money from funds made available for that purpose;
(4)establish a date by which each qualifying organization must provide the qualifying organization's matching funds;
(5)verify that matching funds have been provided by each qualifying organization by the date determined in Subsection
(4); and
(6)in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act , make rules establishing criteria for determining the eligibility of qualifying organizations to receive money from funds made available for that purpose.
Amended by Chapter 160 , 2023 General Session