Utah Code 4-2-203. Department of Agriculture and Food Laboratory Equipment Fund

4-2-203. Department of Agriculture and Food Laboratory Equipment Fund.

(1)	There is created an expendable special revenue fund known as the “Department of Agriculture and Food Laboratory Equipment Fund,” which is referred to in this section as the “fund.”

Agriculture: means the science and art of the production of plants and animals useful to man, including the preparation of plants and animals for human use and disposal by marketing or otherwise. See Utah Code 4-1-109
Commissioner: means the commissioner of agriculture and food. See Utah Code 4-1-109
Department: means the Department of Agriculture and Food created in Chapter 2, Administration. See Utah Code 4-1-109
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

(2)

The fund consists of:

(a)	collections the Division of Laboratories within the department receives under this title that are not expended during the previous fiscal year;

(b)	appropriations from the Legislature; and

(c)	interest and earnings on the fund.

(3)	The state treasurer shall invest the money in the fund according to Title 51, Chapter 7, State Money Management Act, except that interest or other earnings derived from those investments shall be deposited into the fund.

(4)

(a)	The department may use money in the fund only to pay for the repair, replacement, or upgrade of laboratory equipment in accordance with this section.

(5)

The state chemist or the commissioner shall approve expenditures from the fund for laboratory equipment repair, replacement, or upgrade as follows:

(a)	the state chemist may approve using money in the fund to repair, replace, or upgrade laboratory equipment if the amount to be expended is less than $10,000; and

(b)	the state chemist shall obtain the approval of the commissioner for using money in the fund to repair, replace, or upgrade laboratory equipment if the amount to be expended equals or exceeds $10,000.

(6)

(a)	Subject to the other provisions of this Subsection (6), the Division of Finance shall deposit into the fund the collections that the Division of Laboratories receives under this title that are not expended during a fiscal year.

(b)	The fund may not exceed $500,000 at the end of a fiscal year.

(c)	If the fund exceeds $500,000 at the end of the fiscal year, the Division of Finance shall deposit into the General Fund the money in excess of the amount necessary to maintain the fund balance at $500,000.

Enacted by Chapter 131, 2021 General Session