(1) There is created within the General Fund a restricted account known as “Factory Built Housing Fees Account.”

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Utah Code 58-56-17.5

  • 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 Professional Licensing created in Section 58-1-103. See Utah Code 58-1-102
(2)

     (2)(a) The restricted account shall be funded from the fees the dealer collects and remits to the division for each factory built home the dealer sells as provided in Subsection 58-56-17(1).
     (2)(b) The division shall deposit all money collected under Subsection 58-56-17(1) in the restricted account.
     (2)(c) The restricted account shall be used to pay for education and enforcement of this chapter and Title 15A, Chapter 1, Part 3, Factory Built Housing and Modular Units Administration Act, including investigations and administrative actions and the funding of additional employees to the amount of the legislative appropriation.
     (2)(d) The restricted account may accrue interest which shall be deposited into the restricted account.