Utah Code 59-31-401. Cannabinoid Proceeds Restricted Account
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(1) There is created within the General Fund a restricted account known as the “Cannabinoid Proceeds Restricted Account.”
Terms Used In Utah Code 59-31-401
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- City: includes , depending on population, a metro township as defined in Section
10-3c-102 . See Utah Code 68-3-12.5 - 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.
- Town: includes , depending on population, a metro township as defined in Section
10-3c-102 . See Utah Code 68-3-12.5
(2) The Cannabinoid Proceeds Restricted Account consists of:
(2)(a) revenue collected from the tax imposed by Section 59-31-301 ; and
(2)(b) amounts appropriated by the Legislature.
(3) Subject to appropriation, money in the account may be used for the following:
(3)(a) enforcement of Title 4, Chapter 41, Hemp and Cannabinoid Act by the Department of Agriculture and Food;
(3)(b) investigations described in Section 77-39-101 , regarding cannabinoid products;
(3)(c) the Industrial Hemp Grant Program created in Section 63N-3-1302 ; and
(3)(d) provided to counties, cities, and towns in proportion to the county’s, city‘s, or town‘s distribution under Section 59-12-205 for the preceding fiscal year.