Utah Statutes
§ 63N-6-204 — Utah Capital Investment Restricted Account.
Utah·Title 63N Economic Opportunity Act·Ch. 63N-6 Utah Venture Capital Enhancement Act·Part 63N-6-2 Utah Capital Investment Restricted Account
(1)There is created a restricted account within the General Fund known as the Utah Capital Investment Restricted Account.
(2)The restricted account shall be funded by disbursements from the Utah fund of funds or the corporation.
(3)The state treasurer shall:
(3)(a) administer the account;
(3)(b) invest money in the restricted account in accordance with Title 51, Chapter 7, State Money Management Act; and
(3)(c) deposit interest or other earnings derived from investment of restricted account money into the restricted account.
(4)The Legislature may appropriate funds from the restricted account to the General Fund or for any other lawful purpose.
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Legislative History
Amended by Chapter 298, 2022 General Session
Nearby Sections
15
§ 63N-13-101
Title -- Projects to assist companies to secure new business with federal, state, and local governments.§ 63N-13-301
Title.§ 63N-13-302
Definitions.§ 63N-13-303
Contract with facilitator.§ 63N-13-304
Functions and responsibilities of facilitator.§ 63N-13-305
Office oversight over contract performance of facilitator -- Office reports to Legislature.§ 63N-16-102
Definitions.§ 63N-16-104
Creation and duties of advisory committee.§ 63N-16-105
Annual report.§ 63N-16-202
Scope of the regulatory sandbox.§ 63N-16-203
Consumer protection for regulatory sandbox.§ 63N-16-204
Requirements for exiting regulatory sandbox.