19-1-403.3. Conversion to Alternative Fuel Grant Program Fund — Contents — Grants made with fund money.
| (1) |
Terms Used In Utah Code 19-1-403.3- 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
| (a) |
There is created an expendable special revenue fund known as the Conversion to Alternative Fuel Grant Program Fund. |
| (b) |
The fund consists of:
| (i) |
appropriations to the fund; |
| (ii) |
other public and private contributions made under Subsection (1)(c); |
| (iii) |
fees established by the department, as described in Subsection (3)(a), and deposited into the fund; and |
| (iv) |
interest earnings on cash balances. |
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| (c) |
The department may accept contributions from other public and private sources for deposit into the fund. |
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| (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:
| (a) |
establish an application fee for a grant from the fund by following the procedures and requirements of Section 63J-1-504; and |
| (b) |
reimburse itself for the costs incurred in administering the fund from:
| (ii) |
application fees established under Subsection (3)(a). |
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| (4) |
| (a) |
The fund balance may not exceed $10,000,000. |
| (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. |
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Enacted by Chapter 369, 2016 General Session
