Utah Code 9-6-502. Utah Arts and Museums Endowment Fund

9-6-502. Utah Arts and Museums Endowment Fund.

(1)	There is created an expendable special revenue fund known as the “Utah Arts and Museums Endowment Fund.”

Arts: means the various branches of creative human activity, including visual arts, film, performing arts, sculpture, literature, music, theater, dance, digital arts, video-game arts, and cultural vitality. See Utah Code 9-6-102
Division: means the Division of Arts and Museums. See Utah Code 9-6-102
Endowment fund: means any endowment fund created under this chapter by a qualifying organization. See Utah Code 9-6-501
Museum: means an organized and permanent institution that:

(a)	is owned or controlled by the state, a county, or a municipality, or is a nonprofit organization;

(b)	has an educational or aesthetic purpose;

(c)	owns or curates a tangible collection; and

(d)	exhibits the collection to the public on a regular schedule. See Utah Code 9-6-102 State fund: means the Utah Arts and Museums Endowment Fund created in Section 9-6-502. See Utah Code 9-6-501
(2)	The state fund shall be administered by the division in accordance with applicable law.

(3)	Any administrative costs incurred by the division shall be reviewed by the appropriate appropriations committee of the Legislature.

(4)	The state fund shall contain all money appropriated to the state fund by the Legislature, all federal funds received for purposes of this part, plus interest and other income earned on money in the state fund.

(5)	The division shall distribute money in the state fund to qualifying arts and museum organizations to assist those organizations in creating their own arts endowment funds.

(6)	The division may use money in the state fund for expenses related to administering the state fund.

Amended by Chapter 419, 2020 General Session