Utah Statutes
§ 31A-35-407 — Restricted account.
(1)There is created within the General Fund a restricted account known as the "Bail Bond Administration Account."
(2)(2)(a) The account shall be funded from the fees imposed under this chapter.
(2)(b) The department shall deposit all fees collected under this part into the account.
(2)(c) The funds in the account shall be used by the department to administer this chapter.
(2)(d) The account shall earn interest, which shall be deposited into the account.
(3)The department shall, at the end of each quarter, provide to the board an itemized accounting that includes the balances at the beginning and the end of the quarter. The department shall provide the report no later than the 30th day of the month subsequent to the last month of the required quarterly report.
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Legislative History
Amended by Chapter 234, 2016 General Session
Nearby Sections
15
§ 31A-1-101
Short title.§ 31A-1-102
Purposes.§ 31A-1-103
Scope and applicability of title.§ 31A-1-104
Authorization to do insurance business.§ 31A-1-105
Presumption of jurisdiction.§ 31A-1-106
Residual unlicensed domestic insurers.§ 31A-1-107
Licensees under former Title 31.§ 31A-1-108
Corporations in the process of organizing.§ 31A-1-109
Name of licensee.§ 31A-1-110
Scope of a license.§ 31A-1-201
Construction.§ 31A-1-202
Effect of repeal of former provisions.§ 31A-1-203
Interpretive rules.§ 31A-1-205
Severability.§ 31A-1-301
Definitions.