Utah Code 13-61-403. Consumer Privacy Restricted Account
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(1) There is created a restricted account known as the “Consumer Privacy Account.”
Terms Used In Utah Code 13-61-403
- Account: means the Consumer Privacy Restricted Account established in Section
13-61-403 . See Utah Code 13-61-101 - 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
- Consumer: means an individual who is a resident of the state acting in an individual or household context. See Utah Code 13-61-101
- Division: means the Division of Consumer Protection created in Section
13-2-1 . See Utah Code 13-61-101 - Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(2) The account shall be funded by money received through civil enforcement actions under this chapter.
(3) Upon appropriation, the division or the attorney general may use money deposited into the account for:
(3)(a) investigation and administrative costs incurred by the division in investigating consumer complaints alleging violations of this chapter;
(3)(b) recovery of costs and attorney fees accrued by the attorney general in enforcing this chapter; and
(3)(c) providing consumer and business education regarding:
(3)(c)(i) consumer rights under this chapter; and
(3)(c)(ii) compliance with the provisions of this chapter for controllers and processors.
(4) If the balance in the account exceeds $4,000,000 at the close of any fiscal year, the Division of Finance shall transfer the amount that exceeds $4,000,000 into the General Fund.