(1)

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Terms Used In Utah Code 19-1-403.3

  • Department: means the Department of Environmental Quality. See Utah Code 19-1-103
  • Fund: means the Clean Fuels and Emission Reduction Technology Fund created in Section 19-1-403. See Utah Code 19-1-402
  • Person: means an individual, trust, firm, estate, company, corporation, partnership, association, state, state or federal agency or entity, municipality, commission, or political subdivision of a state. See Utah Code 19-1-103
     (1)(a) There is created an expendable special revenue fund known as the Conversion to Alternative Fuel Grant Program Fund.
     (1)(b) The fund consists of:

          (1)(b)(i) appropriations to the fund;
          (1)(b)(ii) other public and private contributions made under Subsection (1)(c);
          (1)(b)(iii) fees established by the department, as described in Subsection (3)(a), and deposited into the fund; and
          (1)(b)(iv) interest earnings on cash balances.
     (1)(c) The department may accept contributions from other public and private sources for deposit into the fund.
(2) The department may make a grant with money available in the fund to a person who installs conversion equipment on an eligible vehicle, as described in Sections 19-2-301 through 19-2-304.
(3) The department may:

     (3)(a) establish an application fee for a grant from the fund by following the procedures and requirements of Section 63J-1-504; and
     (3)(b) reimburse itself for the costs incurred in administering the fund from:

          (3)(b)(i) the fund; or
          (3)(b)(ii) application fees established under Subsection (3)(a).
(4)

     (4)(a) The fund balance may not exceed $10,000,000.
     (4)(b) Interest on cash balances in excess of the amount necessary to maintain the fund balance at $10,000,000 shall be deposited into the General Fund.