Utah § 40-6-19 Bond and Surety Forfeiture Fund -- Contents -- Use of fund money.

Utah Statutes

§ 40-6-19 — Bond and Surety Forfeiture Fund -- Contents -- Use of fund money.

Utah § 40-6-19

Title 40Mines and Mining

Ch. 40-6Board and Division of Oil, Gas, and Mining

This text of Utah § 40-6-19 (Bond and Surety Forfeiture Fund -- Contents -- Use of fund money.) 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. § 40-6-19 (2026).

Text

(1)There is created an administrative fund within the General Fund known as the "Bond and Surety Forfeiture Fund."

(2)Money collected by the Division of Oil, Gas, and Mining as a result of bond or surety forfeitures shall be deposited in the fund.

(3)Interest earned on money in the fund shall accrue to the fund.

(4)(4)(a) Money from each forfeited bond or surety, together with interest, shall be used by the Division of Oil, Gas, and Mining to accomplish the requisite performance standards under the program to which the forfeited bond or surety corresponds.

(4)(b) Any money not used for a project shall be returned to the rightful claimant.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) There is created an administrative fund within the General Fund known as the "Bond and Surety Forfeiture Fund."
(2) Money collected by the Division of Oil, Gas, and Mining as a result of bond or surety forfeitures shall be deposited in the fund.
(3) Interest earned on money in the fund shall accrue to the fund.
(4) (4)(a) Money from each forfeited bond or surety, together with interest, shall be used by the Division of Oil, Gas, and Mining to accomplish the requisite performance standards under the program to which the forfeited bond or surety corresponds.
(4)(b) Any money not used for a project shall be returned to the rightful claimant.