Utah Code 35A-8-502. Creation and administration

(1)

Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
Department: means the Department of Workforce Services created in Section 35A-1-103. See Utah Code 35A-1-102
Director: means the director of the division. See Utah Code 35A-8-101
Executive director: means the executive director of the department appointed under Section 35A-1-201. See Utah Code 35A-1-102
Fund: means the Olene Walker Housing Loan Fund created by this part. See Utah Code 35A-8-501
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

(a)	There is created an enterprise fund known as the Olene Walker Housing Loan Fund, administered by the executive director or the executive director‘s designee.

(b)	The department is the administrator of the fund.

(2)

There shall be deposited into the fund:

(a)	grants, paybacks, bonuses, entitlements, and other money received by the department from the federal government to preserve, rehabilitate, build, restore, or renew housing or for other activities authorized by the fund;

(b)	transfers, grants, gifts, bequests, and money made available from any source to implement this part; and

(c)	money appropriated to the fund by the Legislature.

(3)	The money in the fund shall be invested by the state treasurer according to the procedures and requirements of Title 51, Chapter 7, State Money Management Act, except that all interest or other earnings derived from money in the fund shall be deposited in the fund.

Renumbered and Amended by Chapter 212, 2012 General Session