Section 203 – Revenue from fees to be used to promote beef industry — Payment of revenue monthly to Utah Beef Council — Deduction of costs of administration and processing funds — Annual audit of books, records, and accounts — Financial statement of audit published.

• (1)
  • (a) All revenue derived from the collection of fees authorized by this chapter shall be paid to the council and used to promote the beef industry of the state.
  • (b) The revenue shall be paid monthly, as requested by the council, and the actual costs of administration for processing the funds shall be deducted before disbursing the funds.

• (2)
  • (a) The books, records, and accounts of the council shall be audited at least once annually by a licensed accountant approved by the Office of the State Auditor.
  • (b) The results of the audit shall be submitted to the commissioner, and a financial statement of the audit and a general statement of operations and promotional and advertising activities shall be published by the council in a major livestock publication having general circulation in Utah.

• (3) The books, records, and accounts of the council’s activities are public records.

Renumbered and Amended by Chapter 393, 2018 General Session