Utah Statutes
§ 9-6-507 — Spending restrictions -- Return of endowment.
Utah § 9-6-507
JurisdictionUtah
Title 9Cultural and Community Engagement
Ch. 9-6Arts and Museums Development
Part 9-6-5State Arts Endowment
This text of Utah § 9-6-507 (Spending restrictions -- Return of endowment.) 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. § 9-6-507 (2026).
Text
(1)If a qualifying organization has received endowment money from the state fund, the qualifying organization may not expend any of that money or the required matching money in the qualifying organization's endowment fund, but may expend only the interest income earned on the money in the endowment fund.
(2)If the division determines that a qualifying organization has expended any amount of the endowment money received from the state fund or any amount of the required matching money:
(2)(a) the qualifying organization shall return the amount of money the qualifying organization received from the state fund; and
(2)(b) the division shall reallocate any such returned money to qualifying organizations in the manner as provided in Section 9-6-506.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Amended by Chapter 419, 2020 General Session
Nearby Sections
15
§ 9-1-101
Title.§ 9-1-102
Definitions.§ 9-1-208
Annual report -- Content -- Format.§ 9-1-211
Nonprofit Capacity Grant Program.§ 9-20-101
Title.§ 9-20-102
Definitions.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 9-6-507, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/9-6-507.