Utah Code 40-6-23. Division of Oil, Gas, and Mining Restricted Account
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(1) As used in this section:
Terms Used In Utah Code 40-6-23
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Division: means the Division of Oil, Gas, and Mining. See Utah Code 40-6-2
- Gas: means natural gas, as defined in Subsection (10), natural gas liquids, as defined in Subsection (11), other gas, as defined in Subsection (17), or any mixture of them. See Utah Code 40-6-2
- Oil: includes tar sands produced at the wellhead in liquid form through enhanced recovery operations authorized by the board in accordance with Subsection 40-6-5(3)(c). See Utah Code 40-6-2
(1)(a) “Account” means the Division of Oil, Gas, and Mining Restricted Account created by this section.
(1)(b) “Division” means the Division of Oil, Gas, and Mining.
(2)
(2)(a) There is created a restricted account within the General Fund known as the “Division of Oil, Gas, and Mining Restricted Account.”
(2)(b) The account consists of:
(2)(b)(i) deposits to the account made under Section 51-9-306;
(2)(b)(ii) appropriations of the Legislature; and
(2)(b)(iii) interest and other earnings described in Subsection (2)(c).
(2)(c) The Office of the Treasurer shall deposit interest and other earnings derived from investment of money in the account into the account.
(3)
(3)(a) Upon appropriation by the Legislature, the division shall use money from the account to pay the costs of programs or projects administered by the division.
(3)(b) An appropriation provided for under this section is not intended to replace the following that is otherwise allocated for the programs or projects described in Subsection (3)(a):
(3)(b)(i) federal money; or
(3)(b)(ii) a dedicated credit.
(4) Appropriations made in accordance with this section are nonlapsing in accordance with Section 63J-1-602.1.