Utah Code 7-1-403. Funds and balances paid to treasurer — Separate account — Use of funds
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7-1-403. Funds and balances paid to treasurer — Separate account — Use of funds.
(1) | The commissioner shall deposit unexpended balances and money accruing to the department with the state treasurer monthly. The unexpended balances and money accruing to the department constitute a separate account within the General Fund. No part of the account may revert to the General Fund except an amount as required by law to be transferred for general government and administrative costs. |
(a) | holds or receives deposits, savings, or share accounts; |
(b) | issues certificates of deposit; or |
(c) | provides to its customers other depository accounts that are subject to withdrawal by checks, drafts, or other instruments or by electronic means to effect third party payments. See Utah Code 7-1-103
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