39A-3-204. National Guard Death Benefit Restricted Account.
| (1) |
There is created within the General Fund a restricted account known as “National Guard Death Benefit Account.” |
Terms Used In Utah Code 39A-3-204
- 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) |
| (a) |
The restricted account shall be funded from funds appropriated by the Legislature. |
| (b) |
Funds in the restricted account may only be used to pay the death benefit authorized in Section 39A-3-204. |
| (c) |
The restricted account may accrue interest which shall be deposited into the restricted account. |
| (d) |
At the close of any fiscal year, any balance in the fund in excess of $2,000,000 shall be transferred to the General Fund. |
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Renumbered and Amended by Chapter 373, 2022 General Session
