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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 9-8-705

A qualifying organization may apply for funds if it meets the prior-grant conditions, but it must raise matching money by a board-set date; state money and in-kind contributions cannot be used as the match.

Source excerpt

allocation limitsapplication criteriaappropriationsendowment fundingendowment fundsgrant eligibilitygrant fundinggrant matchinggrantsmatching requirementspublic fundingsliding scale
Jurisdiction
United States — Utah
Status
In force
Dates
Legal dates not recorded
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01

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“A qualifying organization may apply for funds if it meets the prior-grant conditions, but it must raise matching money by a board-set date; state money and in-kind contributions cannot be used as the match.”

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Subsection 9-8-705(2)(a)

The maximum amount that may be allocated to each qualifying organization from funds made available for that purpose shall be determined by the society in a format to be developed in consultation with the board.

Section 9-8-705(2)(a)

Subsection 9-8-705(4)

Endowment match money is matched on a sliding scale based on the amount requested.

Section 9-8-705(4)

Subsection 9-8-705(5)(a)

Qualifying organizations must raise the matching amount by a board-determined date.

Section 9-8-705(5)(a)

Subsection 9-8-705(5)(d)

Funds made available for this purpose must be granted to each qualifying organization based on the matching funds it raised by the date set under Subsection (5)(a).

Section 9-8-705(5)(d)

04

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

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Showing 21 of 21 provisions

Provision 21

Part 9-8-7

part 9-8-7 Endowment Funds for History Organizations

§ 9-8-705Eligibility requirements of qualifying history organizations -- Allocation limitations -- Matching requirements.Provision

Source excerpt

A qualifying organization may apply for funds if it meets the prior-grant conditions, but it must raise matching money by a board-set date; state money and in-kind contributions cannot be used as the match.

Eligibility requirements of qualifying history organizations -- Allocation limitations -- Matching requirements. A qualifying organization may apply to receive money from funds made available for that purpose to be deposited into an endowment fund created under Section 9-8-703 if the qualifying organization has: received a grant from the society during one of the three years immediately before making application for money under this Subsection (1) ; or not received a grant from the society within the past three years, the qualifying organization may receive a grant upon approval by the society according to policy of the board. The maximum amount that may be allocated to each qualifying organization from funds made available for that purpose shall be determined by the society in a format to be developed in consultation with the board. The minimum amount that may be allocated to each qualifying organization from funds made available for that purpose is $2,500. After the society determines that a qualifying organization is eligible to receive money from funds made available for that purpose and before any money is allocated to the qualifying organization from available funds, the qualifying organization shall match the amount qualified for by money raised and designated exclusively for that purpose. State money and in-kind contributions may not be used to match money from funds made available for that purpose. Endowment match money shall be based on a sliding scale as follows: amounts requested up to $20,000 shall be matched one-to-one; any additional amount requested that makes the aggregate amount requested exceed $20,000 but not exceed $50,000 shall be matched two-to-one; and any additional amount requested that makes the aggregate amount requested exceed $50,000 shall be matched three-to-one. Qualifying organizations shall raise the matching amount by a date determined by the board. Money from funds made available for that purpose shall be released to the qualifying organization upon verification by the society that the matching money has been received on or before the date determined under Subsection (5)(a) . Verification of matching funds shall be made by a certified public accountant. Money from funds made available for that purpose shall be released to qualifying organizations with professional endowment management in increments of at least $2,500 as audited confirmation of matching funds is received by the board. Money from funds made available for that purpose shall be granted to each qualifying organization on the basis of the matching funds the qualifying organization has raised by the date determined under Subsection (5)(a) .
Section 9-8-705Verify source
§ 9-8-705(1)Subsection 9-8-705(1)Provision

Source excerpt

A qualifying organization may apply for money for deposit into an endowment fund under Section 9-8-703, subject to the stated grant-history conditions.

A qualifying organization may apply to receive money from funds made available for that purpose to be deposited into an endowment fund created under Section 9-8-703 if the qualifying organization has: received a grant from the society during one of the three years immediately before making application for money under this Subsection (1) ; or not received a grant from the society within the past three years, the qualifying organization may receive a grant upon approval by the society according to policy of the board.
Section 9-8-705(1)Verify source
§ 9-8-705(1)(a)Subsection 9-8-705(1)(a)Provision

Source excerpt

received a grant from the society during one of the three years immediately before making application for money under this Subsection (1) ; or

received a grant from the society during one of the three years immediately before making application for money under this Subsection (1) ; or
Section 9-8-705(1)(a)Verify source
§ 9-8-705(1)(b)Subsection 9-8-705(1)(b)Provision

Source excerpt

not received a grant from the society within the past three years, the qualifying organization may receive a grant upon approval by the society according to policy of the board.

not received a grant from the society within the past three years, the qualifying organization may receive a grant upon approval by the society according to policy of the board.
Section 9-8-705(1)(b)Verify source
§ 9-8-705(2)Subsection 9-8-705(2)Provision

Source excerpt

The society determines the maximum allocation to each qualifying organization, in a format developed with the board. The minimum allocation is $2,500.

The maximum amount that may be allocated to each qualifying organization from funds made available for that purpose shall be determined by the society in a format to be developed in consultation with the board. The minimum amount that may be allocated to each qualifying organization from funds made available for that purpose is $2,500.
Section 9-8-705(2)Verify source
§ 9-8-705(2)(a)Subsection 9-8-705(2)(a)Provision

Source excerpt

The maximum amount that may be allocated to each qualifying organization from funds made available for that purpose shall be determined by the society in a format to be developed in consultation with the board.

The maximum amount that may be allocated to each qualifying organization from funds made available for that purpose shall be determined by the society in a format to be developed in consultation with the board.
Section 9-8-705(2)(a)Verify source
§ 9-8-705(2)(b)Subsection 9-8-705(2)(b)Provision

Source excerpt

The minimum amount allocated to each qualifying organization must be $2,500.

The minimum amount that may be allocated to each qualifying organization from funds made available for that purpose is $2,500.
Section 9-8-705(2)(b)Verify source
§ 9-8-705(3)Subsection 9-8-705(3)Provision

Source excerpt

A qualifying organization must match the eligible amount with money raised and designated only for that purpose, before funds are allocated.

After the society determines that a qualifying organization is eligible to receive money from funds made available for that purpose and before any money is allocated to the qualifying organization from available funds, the qualifying organization shall match the amount qualified for by money raised and designated exclusively for that purpose. State money and in-kind contributions may not be used to match money from funds made available for that purpose.
Section 9-8-705(3)Verify source
§ 9-8-705(3)(a)Subsection 9-8-705(3)(a)Provision

Source excerpt

A qualifying organization must match the amount for which it qualifies with money raised and designated exclusively for that purpose.

After the society determines that a qualifying organization is eligible to receive money from funds made available for that purpose and before any money is allocated to the qualifying organization from available funds, the qualifying organization shall match the amount qualified for by money raised and designated exclusively for that purpose.
Section 9-8-705(3)(a)Verify source
§ 9-8-705(3)(b)Subsection 9-8-705(3)(b)Provision

Source excerpt

State money and in-kind contributions may not be used to match money from funds made available for that purpose.

State money and in-kind contributions may not be used to match money from funds made available for that purpose.
Section 9-8-705(3)(b)Verify source
§ 9-8-705(4)Subsection 9-8-705(4)Provision

Source excerpt

Endowment match money is matched on a sliding scale based on the amount requested.

Endowment match money shall be based on a sliding scale as follows: amounts requested up to $20,000 shall be matched one-to-one; any additional amount requested that makes the aggregate amount requested exceed $20,000 but not exceed $50,000 shall be matched two-to-one; and any additional amount requested that makes the aggregate amount requested exceed $50,000 shall be matched three-to-one.
Section 9-8-705(4)Verify source
§ 9-8-705(4)(a)Subsection 9-8-705(4)(a)Provision

Source excerpt

Amounts requested up to $20,000 are matched one-to-one.

amounts requested up to $20,000 shall be matched one-to-one;
Section 9-8-705(4)(a)Verify source
§ 9-8-705(4)(b)Subsection 9-8-705(4)(b)Provision

Source excerpt

Additional requested amounts that raise the aggregate request above $20,000 but not above $50,000 must be matched two-to-one.

any additional amount requested that makes the aggregate amount requested exceed $20,000 but not exceed $50,000 shall be matched two-to-one; and
Section 9-8-705(4)(b)Verify source
§ 9-8-705(4)(c)Subsection 9-8-705(4)(c)Provision

Source excerpt

If the aggregate amount requested exceeds $50,000, any additional amount requested must be matched three-to-one.

any additional amount requested that makes the aggregate amount requested exceed $50,000 shall be matched three-to-one.
Section 9-8-705(4)(c)Verify source
§ 9-8-705(5)Subsection 9-8-705(5)Provision

Source excerpt

Qualifying organizations must raise the matching amount by a board-set date.

Qualifying organizations shall raise the matching amount by a date determined by the board. Money from funds made available for that purpose shall be released to the qualifying organization upon verification by the society that the matching money has been received on or before the date determined under Subsection (5)(a) . Verification of matching funds shall be made by a certified public accountant. Money from funds made available for that purpose shall be released to qualifying organizations with professional endowment management in increments of at least $2,500 as audited confirmation of matching funds is received by the board. Money from funds made available for that purpose shall be granted to each qualifying organization on the basis of the matching funds the qualifying organization has raised by the date determined under Subsection (5)(a) .
Section 9-8-705(5)Verify source
§ 9-8-705(5)(a)Subsection 9-8-705(5)(a)Provision

Source excerpt

Qualifying organizations must raise the matching amount by a board-determined date.

Qualifying organizations shall raise the matching amount by a date determined by the board.
Section 9-8-705(5)(a)Verify source
§ 9-8-705(5)(b)Subsection 9-8-705(5)(b)Provision

Source excerpt

Money from available funds must be released to the qualifying organization after the society verifies that matching money was received by the date set under Subsection (5)(a); a certified public accountant must make that verification.

Money from funds made available for that purpose shall be released to the qualifying organization upon verification by the society that the matching money has been received on or before the date determined under Subsection (5)(a) . Verification of matching funds shall be made by a certified public accountant.
Section 9-8-705(5)(b)Verify source
§ 9-8-705(5)(b)(i)Subsection 9-8-705(5)(b)(i)Provision

Source excerpt

Money from funds made available for that purpose shall be released to the qualifying organization upon verification by the society that the matching money has been received on or before the date determined under Subsection (5)(a) .

Money from funds made available for that purpose shall be released to the qualifying organization upon verification by the society that the matching money has been received on or before the date determined under Subsection (5)(a) .
Section 9-8-705(5)(b)(i)Verify source
§ 9-8-705(5)(b)(ii)Subsection 9-8-705(5)(b)(ii)Provision

Source excerpt

Verification of matching funds must be made by a certified public accountant.

Verification of matching funds shall be made by a certified public accountant.
Section 9-8-705(5)(b)(ii)Verify source
§ 9-8-705(5)(c)Subsection 9-8-705(5)(c)Provision

Source excerpt

Funds must be released to qualifying organizations with professional endowment management in amounts of at least $2,500, as audited matching-fund confirmation is received by the board.

Money from funds made available for that purpose shall be released to qualifying organizations with professional endowment management in increments of at least $2,500 as audited confirmation of matching funds is received by the board.
Section 9-8-705(5)(c)Verify source
§ 9-8-705(5)(d)Subsection 9-8-705(5)(d)Provision

Source excerpt

Funds made available for this purpose must be granted to each qualifying organization based on the matching funds it raised by the date set under Subsection (5)(a).

Money from funds made available for that purpose shall be granted to each qualifying organization on the basis of the matching funds the qualifying organization has raised by the date determined under Subsection (5)(a) .
Section 9-8-705(5)(d)Verify source

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