72-2-132. State Aircraft Restricted Account.
(1) |
There is created a restricted account known as the State Aircraft Restricted Account. |
Terms Used In Utah Code 72-2-132
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Department: means the Department of Transportation created in Section 72-1-201. See Utah Code 72-1-102
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) |
The account consists of money generated from the following revenue sources:
(a) |
fees the department receives for use of state owned aircraft; |
(b) |
appropriations to the account by the Legislature; |
(c) |
contributions from other public or private sources for deposit into the account; and |
(d) |
interest earned on money in the account. |
|
(3) |
Upon appropriation by the Legislature, the department may use money in the account for the operation and maintenance of state owned aircraft. |
Enacted by Chapter 99, 2022 General Session