63N-6-204.  Utah Capital Investment Restricted Account.

(1)  There is created a restricted account within the General Fund known as the Utah Capital Investment Restricted Account.

Terms Used In Utah Code 63N-6-204

  • Restricted account: means the Utah Capital Investment Restricted Account created in Section 63N-6-204. See Utah Code 63N-6-103
  • 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
  • Utah fund of funds: means a limited liability company established under Section 63N-6-401. See Utah Code 63N-6-103
(2)  The restricted account shall be funded by disbursements from the Utah fund of funds or the corporation.

(3)  The state treasurer shall:

(a)  administer the account;

(b)  invest money in the restricted account in accordance with Title 51, Chapter 7, State Money Management Act; and

(c)  deposit interest or other earnings derived from investment of restricted account money into the restricted account.

(4)  The Legislature may appropriate funds from the restricted account to the General Fund or for any other lawful purpose.

Amended by Chapter 298, 2022 General Session