Utah Code 79-2-606. Watershed Restoration Expendable Special Revenue Fund — Creation — Source of funds — Use of funds
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(1) As used in this section, “fund” means the Watershed Restoration Expendable Special Revenue Fund created in Subsection (2).
Terms Used In Utah Code 79-2-606
- Director: means the director of the initiative who is appointed under Section 79-2-602. See Utah Code 79-2-601
- Donor: The person who makes a gift.
- Restoration: means to assist the recovery of ecosystems and ecosystem services that have been mismanaged, degraded, or destroyed. See Utah Code 79-2-601
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
- Watershed: means the geographical surface area that drains water into a stream, river, or other body of water. See Utah Code 79-2-601
(2) There is created an expendable special revenue fund known as the “Watershed Restoration Expendable Special Revenue Fund.”
(3) The fund consists of:
(3)(a) gifts, grants, donations, contributions, or any other conveyance of money that may be made to the fund from public or private sources; and
(3)(b) interest and earnings on fund money.
(4) The state treasurer shall:
(4)(a) invest money in the fund in accordance with the Title 51, Chapter 7, State Money Management Act; and
(4)(b) deposit interest and earnings derived from investing fund money into the fund.
(5) The director may only use fund money for a watershed restoration project designated or approved by the donor.