Utah Code 9-6-502. Utah Arts and Museums Endowment Fund
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(1) There is created an expendable special revenue fund known as the “Utah Arts and Museums Endowment Fund.”
Terms Used In Utah Code 9-6-502
- Arts: includes traditional, folk, classical, ethnic, contemporary, and other art forms. See Utah Code 9-6-102
- Division: means the Division of Arts and Museums. See Utah Code 9-6-102
- Endowment fund: means any endowment fund created under this chapter by a qualifying organization. See Utah Code 9-6-501
- Museum: means an organized and permanent institution that:(6)(a) is owned or controlled by the state, a county, or a municipality, or is a nonprofit organization;(6)(b) has an educational or aesthetic purpose;(6)(c) owns or curates a tangible collection; and(6)(d) exhibits the collection to the public on a regular schedule. See Utah Code 9-6-102
- 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
- State fund: means the Utah Arts and Museums Endowment Fund created in Section 9-6-502. See Utah Code 9-6-501
(2) The state fund shall be administered by the division in accordance with applicable law.(3) Any administrative costs incurred by the division shall be reviewed by the appropriate appropriations committee of the Legislature.(4) The state fund shall contain all money appropriated to the state fund by the Legislature, all federal funds received for purposes of this part, plus interest and other income earned on money in the state fund.(5) The division shall distribute money in the state fund to qualifying arts and museum organizations to assist those organizations in creating their own arts and museums endowment funds.(6) The division may use money in the state fund for expenses related to administering the state fund.