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Division: means the Division of Industrial Accidents. See Utah Code 34A-2-102
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.
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
If the balance in the account exceeds $500,000 at the close of a fiscal year, the excess shall be transferred to the Uninsured Employers’ Fund created under Section 34A-2-704.
(4)
(a)
From money appropriated by the Legislature from the account to the commission and subject to the requirements of this section, the commission may fund:
(i)
the activities of the Division of Industrial Accidents described in Section 34A-1-202;
(ii)
the activities of the Division of Adjudication described in Section 34A-1-202; and
(iii)
the activities of the commission described in Section 34A-2-1005.
(b)
The money deposited in the account may not be used for a purpose other than a purpose described in this Subsection (4), including an administrative cost or another activity of the commission unrelated to the account.
(5)
(a)
Each year before the public hearing required by Subsection 59-9-101(2)(d)(i), the commission shall report to the advisory council regarding:
(i)
the commission’s budget request to the governor for the next fiscal year related to:
(A)
the Division of Industrial Accidents; and
(B)
the Division of Adjudication;
(ii)
the expenditures of the commission for the fiscal year in which the commission is reporting related to:
(A)
the Division of Industrial Accidents; and
(B)
the Division of Adjudication;
(iii)
revenues generated from the premium assessment under Section 59-9-101 on an admitted insurer writing workers’ compensation insurance in this state and on a self-insured employer under Section 34A-2-202; and
The commission shall annually report to the governor and the Legislature regarding:
(i)
the use of the money appropriated to the commission under this section;
(ii)
revenues generated from the premium assessment under Section 59-9-101 on an admitted insurer writing workers’ compensation insurance in this state and on a self-insured employer under Section 34A-2-202; and
