§ 63J-5-302 — Federal funds contingency plan.

Utah § 63J-5-302

• Jurisdiction: Utah
• Title 63J: Budgeting
• Ch. 63J-5: Federal Funds Procedures Act
• Part 63J-5-3: Federal Funds Contingency Plan

Text

(1) A qualifying agency shall prepare a federal funds contingency plan that meets the requirements described in Subsection (2).
(2) A federal funds contingency plan shall:
(2)(a) identify short-term and long-term risks to the agency if there is a reduction in the amount or value of federal funds the agency receives;
(2)(b) identify short-term and long-term strategies the agency may use to respond to the risks described in Subsection (2)(a); and
(2)(c) designate agency personnel who are responsible for implementing the strategies described in Subsection (2)(b).
(3) A qualifying agency shall update the agency's federal funds contingency plan:
(3)(a) at least every other year; and
(3)(b) in any year in which the qualifying agency submits a new federal funds request that exceeds $10,000,000.
(4) On or before December 31 of each year that a qualifying agency prepares a federal funds contingency plan or an update to a federal funds contingency plan, the qualifying agency shall provide a copy of the contingency plan or update to:
(4)(a) the Governor's Office of Planning and Budget;
(4)(b) the Executive Appropriations Committee; and
(4)(c) the Legislative Fiscal Analyst.

Legislative History

Enacted by Chapter 286, 2024 General Session