Utah § 38-11-206 Limitations on fund balance.

Utah Statutes

§ 38-11-206 — Limitations on fund balance.

Utah § 38-11-206

Title 38Liens

Ch. 38-11Residence Lien Restriction and Lien Recovery Fund Act

Part 38-11-2Residence Lien Recovery Fund

This text of Utah § 38-11-206 (Limitations on fund balance.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 38-11-206 (2026).

Text

By October 1 of each year, the division shall provide a written report to the Legislature and the Business and Labor Interim Committee that describes:

(1)the amount of money in the fund, including the encumbered fund balance;

(2)an estimate of when the fund will have insufficient money to continue to pay claims under this chapter; and

(3)a recommendation to the Legislature of whether the substantive provisions of this chapter should be repealed due to insufficient money in the fund.

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By October 1 of each year, the division shall provide a written report to the Legislature and the Business and Labor Interim Committee that describes:
(1) the amount of money in the fund, including the encumbered fund balance;
(2) an estimate of when the fund will have insufficient money to continue to pay claims under this chapter; and
(3) a recommendation to the Legislature of whether the substantive provisions of this chapter should be repealed due to insufficient money in the fund.