| (1) |
Each administrative unit of state government shall comply with this chapter, which establishes the state’s fiscal procedures for state government funds. |
Terms Used In Utah Code 51-5-2
- Revenue: means the increase in ownership equity during a designated period of time that is recognized as earned. See Utah Code 51-5-3
- 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) |
Except when in conflict with constitutional and statutory provisions, each administrative unit of state government shall apply generally accepted accounting principles and fiscal procedures. |
| (3) |
The Legislature may establish funds in addition to those required by the Constitution. |
| (4) |
Federal grants and other revenues, which must remain restricted according to the terms under which they are received, are governed by the specific provisions in this chapter. |
| (5) |
The Division of Finance shall establish procedures applicable to the administration and collection of taxes, licenses, fees, and all other forms of revenue to allow them to be credited directly into the funds for which they are designated. |
| (6) |
The Division of Finance and each administrative unit of state government shall account for general government revenues and functions in the governmental funds. |
| (7) |
The Legislature shall review all general governmental programs and functions, regardless of the sources of revenue available to the various departments, institutions, or agencies. |
Amended by Chapter 14, 1991 General Session
