Utah Code 61-2f-504. Use of money
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(1) Money accumulated in the fund in excess of $100,000 shall be set aside and segregated to be used by the division to:
Terms Used In Utah Code 61-2f-504
- Division: means the Division of Real Estate. See Utah Code 61-2f-102
- Fraud: Intentional deception resulting in injury to another.
- Real estate: includes leaseholds and business opportunities involving real property. See Utah Code 61-2f-102
- 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
(1)(a) investigate violations of this chapter related to fraud, misrepresentation, or deceit; and
(1)(b) advance education and research in the field of real estate.
(2) The division may use the money described in Subsection (1) only in a manner consistent with Subsection (1) , including for a course:
(2)(a) sponsored by the division;
(2)(b) offered by the division in conjunction with any university or college in the state; or
(2)(c) provided for by contracting for a particular research project in the field of real estate for the state.