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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 9-1-209, 2020

This section creates the Cultural and Community Engagement Foundation Fund and assigns the executive director and state treasurer specific duties for administering, investing, and spending it.

Source excerpt

fund administrationfund depositinvestment of public moneypublic financerevenue depositsspecial revenue fund
Jurisdiction
United States — Utah
Status
In force
Official identity
Year 2020
Dates
Enacted 2020
More statute details
Dates
Enacted 2020
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01

Purpose and legislative effect

“This section creates the Cultural and Community Engagement Foundation Fund and assigns the executive director and state treasurer specific duties for administering, investing, and spending it.”

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Cultural and Community Engagement Foundation Fund.

This section creates the Cultural and Community Engagement Foundation Fund and assigns the executive director and state treasurer specific duties for administering, investing, and spending it.

Section 9-1-209

Subsection 9-1-209(2)

There is created an expendable special revenue fund known as the "Cultural and Community Engagement Foundation Fund."

Section 9-1-209(2)

Subsection 9-1-209(6)

Any portion of the fund may be treated as an endowment fund such that the principal of that portion of the fund is held in perpetuity on behalf of the department.

Section 9-1-209(6)

Subsection 9-1-209(8)

The executive director may spend money from the fund for purposes described in this title.

Section 9-1-209(8)

04

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In force source record

Source record from le.utah.gov · Enacted 2020

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Official record

Source-indexed provision map

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Showing 9 of 9 provisions

Provision 9

Part 9-1-2

part 9-1-2 Department of Cultural and Community Engagement

§ 9-1-209Cultural and Community Engagement Foundation Fund.Provision

Source excerpt

This section creates the Cultural and Community Engagement Foundation Fund and assigns the executive director and state treasurer specific duties for administering, investing, and spending it.

Cultural and Community Engagement Foundation Fund. As used in this section, "fund" means the Cultural and Community Engagement Foundation Fund created in this section. There is created an expendable special revenue fund known as the "Cultural and Community Engagement Foundation Fund." The executive director shall administer the fund. Money may be deposited into the fund from a variety of sources, including transfers, grants, private foundations, individual donors, gifts, bequests, legislative appropriations, and money made available from any other source. Money collected by the Cultural and Community Engagement Foundation described in Subsections 9-1-201(3)(b) and (5) shall be deposited into the fund. Any portion of the fund may be treated as an endowment fund such that the principal of that portion of the fund is held in perpetuity on behalf of the department. The state treasurer shall invest the money in the fund according to the procedures and requirements of Title 51, Chapter 7, State Money Management Act , except that all interest or other earnings derived from those investments shall be deposited into the fund. The executive director may expend money from the fund for any of the purposes described in this title.
Section 9-1-209Verify source
§ 9-1-209(1)Subsection 9-1-209(1)Provision

Source excerpt

“Fund” means the Cultural and Community Engagement Foundation Fund created in this section.

As used in this section, "fund" means the Cultural and Community Engagement Foundation Fund created in this section.
Section 9-1-209(1)Verify source
§ 9-1-209(2)Subsection 9-1-209(2)Provision

Source excerpt

There is created an expendable special revenue fund known as the "Cultural and Community Engagement Foundation Fund."

There is created an expendable special revenue fund known as the "Cultural and Community Engagement Foundation Fund."
Section 9-1-209(2)Verify source
§ 9-1-209(3)Subsection 9-1-209(3)Provision

Source excerpt

The executive director must administer the fund.

The executive director shall administer the fund.
Section 9-1-209(3)Verify source
§ 9-1-209(4)Subsection 9-1-209(4)Provision

Source excerpt

Money may be deposited into the fund from listed sources.

Money may be deposited into the fund from a variety of sources, including transfers, grants, private foundations, individual donors, gifts, bequests, legislative appropriations, and money made available from any other source.
Section 9-1-209(4)Verify source
§ 9-1-209(5)Subsection 9-1-209(5)Provision

Source excerpt

Money collected by the Cultural and Community Engagement Foundation under the referenced subsections must be deposited into the fund.

Money collected by the Cultural and Community Engagement Foundation described in Subsections 9-1-201(3)(b) and (5) shall be deposited into the fund.
Section 9-1-209(5)Verify source
§ 9-1-209(6)Subsection 9-1-209(6)Provision

Source excerpt

Any portion of the fund may be treated as an endowment fund such that the principal of that portion of the fund is held in perpetuity on behalf of the department.

Any portion of the fund may be treated as an endowment fund such that the principal of that portion of the fund is held in perpetuity on behalf of the department.
Section 9-1-209(6)Verify source
§ 9-1-209(7)Subsection 9-1-209(7)Provision

Source excerpt

The state treasurer must invest money in the fund under the procedures and requirements of Title 51, Chapter 7, State Money Management Act.

The state treasurer shall invest the money in the fund according to the procedures and requirements of Title 51, Chapter 7, State Money Management Act , except that all interest or other earnings derived from those investments shall be deposited into the fund.
Section 9-1-209(7)Verify source
§ 9-1-209(8)Subsection 9-1-209(8)Provision

Source excerpt

The executive director may spend money from the fund for purposes described in this title.

The executive director may expend money from the fund for any of the purposes described in this title.
Section 9-1-209(8)Verify source

Legislative relationships

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