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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 9-22-105

STEM Action Center Foundation Fund. There is created an expendable special revenue fund known as the "STEM Action Center Foundation Fund." The director shall administer the fund under the direction of the STEM board.…

Source excerpt

STEM board oversightdepositsfund administrationgrants and donationsinvestment of public moneypublic administrationpublic funds
Jurisdiction
United States — Utah
Status
In force
Dates
Legal dates not recorded
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01

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“STEM Action Center Foundation Fund. There is created an expendable special revenue fund known as the "STEM Action Center Foundation Fund." The director shall administer the fund under the direction of the STEM board. Money may be deposited”

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STEM Action Center Foundation Fund.

STEM Action Center Foundation Fund. There is created an expendable special revenue fund known as the "STEM Action Center Foundation Fund." The director shall administer the fund under the direction of the STEM board. Money may be deposited

Section 9-22-105

Subsection 9-22-105(2)

The director must administer the fund under the direction of the STEM board.

Section 9-22-105(2)

Subsection 9-22-105(4)

Money collected by the specified foundation must be deposited into the fund.

Section 9-22-105(4)

Subsection 9-22-105(5)

Any portion of the fund may be treated as an endowment fund, with the principal held in perpetuity for the STEM Action Center.

Section 9-22-105(5)

Subsection 9-22-105(7)

The director, under the direction of the STEM board, may expend money from the fund for the purposes described in this part.

Section 9-22-105(7)

04

Source and current-law status

In force source record

Source record from le.utah.gov · Legal dates not recorded

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Source-indexed provision map

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Showing 8 of 8 provisions

Provision 8

Part 9-22-1

part 9-22-1 Stem Action Center

§ 9-22-105STEM Action Center Foundation Fund.Provision

Source excerpt

STEM Action Center Foundation Fund. There is created an expendable special revenue fund known as the "STEM Action Center Foundation Fund." The director shall administer the fund under the direction of the STEM board. Money may be deposited

STEM Action Center Foundation Fund. There is created an expendable special revenue fund known as the "STEM Action Center Foundation Fund." The director shall administer the fund under the direction of the STEM board. 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 a foundation described in Subsections 9-22-104(3) and (4) 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 STEM Action Center. 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 director, under the direction of the STEM board, may expend money from the fund for the purposes described in this part.
Section 9-22-105Verify source
§ 9-22-105(1)Subsection 9-22-105(1)Provision

Source excerpt

There is created an expendable special revenue fund known as the "STEM Action Center Foundation Fund."

There is created an expendable special revenue fund known as the "STEM Action Center Foundation Fund."
Section 9-22-105(1)Verify source
§ 9-22-105(2)Subsection 9-22-105(2)Provision

Source excerpt

The director must administer the fund under the direction of the STEM board.

The director shall administer the fund under the direction of the STEM board.
Section 9-22-105(2)Verify source
§ 9-22-105(3)Subsection 9-22-105(3)Provision

Source excerpt

Money may be deposited into the fund from listed sources and other available 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 9-22-105(3)Verify source
§ 9-22-105(4)Subsection 9-22-105(4)Provision

Source excerpt

Money collected by the specified foundation must be deposited into the fund.

Money collected by a foundation described in Subsections 9-22-104(3) and (4) shall be deposited into the fund.
Section 9-22-105(4)Verify source
§ 9-22-105(5)Subsection 9-22-105(5)Provision

Source excerpt

Any portion of the fund may be treated as an endowment fund, with the principal held in perpetuity for the STEM Action Center.

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 STEM Action Center.
Section 9-22-105(5)Verify source
§ 9-22-105(6)Subsection 9-22-105(6)Provision

Source excerpt

The state treasurer must invest the fund’s money under the State Money Management Act, and any interest or other earnings from those investments must be deposited back into the fund.

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 9-22-105(6)Verify source
§ 9-22-105(7)Subsection 9-22-105(7)Provision

Source excerpt

The director, under the direction of the STEM board, may expend money from the fund for the purposes described in this part.

The director, under the direction of the STEM board, may expend money from the fund for the purposes described in this part.
Section 9-22-105(7)Verify source

Legislative relationships

2 referenced instruments

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N–S

2 instruments

  • STEM Act

    Section 9-22-105(5)

  • STEM board. Money may be deposited STEM Act

    Section 9-22-105

Recorded versions and source checkpoint

1 version available in this collection

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  • Undated version · currentEnglish · In force

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