4-22-202. Revenue from assessment used to promote dairy industry — Deposit of money — Annual audit of books, records, and accounts — Annual financial report to producers.
| (1) |
The revenue derived from the assessment imposed by Section 4-22-201 shall be used exclusively for the:
Terms Used In Utah Code 4-22-202- Commission: means the Utah Dairy Commission. See Utah Code 4-22-102
- Producer: means a person who produces milk or milk fat from cows and who sells it for human or animal consumption, or for medicinal or industrial uses. See Utah Code 4-22-102
- 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) |
administration of this chapter; and |
| (b) |
promotion of the state‘s dairy industry. |
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| (2) |
The commission may deposit the proceeds of the assessment in one or more accounts in one or more banks approved by the state as depositories. |
| (3) |
| (a) |
The commission shall keep a voucher, receipt, or other written record for each withdrawal from the commission accounts. |
| (b) |
Money may not be withdrawn from the commission accounts except:
| (i) |
upon order of the commission; or |
| (ii) |
pursuant to a procedure adopted by the commission if the withdrawal is subsequently ratified by the commission. |
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| (4) |
The books, records, and accounts of the commission’s activities are public records. |
| (5) |
| (a) |
The accounts of the commission shall be audited once annually by a licensed accountant selected by the commission and approved by the state auditor. |
| (b) |
The results of the audit shall be submitted to the:
| (iii) |
Division of Finance. |
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| (c) |
The commission shall send annually a financial report to each producer. |
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Amended by Chapter 6, 2020 General Session
