Section 204 – National Guard Death Benefit Restricted Account.

• (1) There is created within the General Fund a restricted account known as “National Guard Death Benefit Account.”

• (2)
  • (a) The restricted account shall be funded from funds appropriated by the Legislature.
  • (b) Funds in the restricted account may only be used to pay the death benefit authorized in Section 39A-3-204.
  • (c) The restricted account may accrue interest which shall be deposited into the restricted account.
  • (d) At the close of any fiscal year, any balance in the fund in excess of $2,000,000 shall be transferred to the General Fund.

Renumbered and Amended by Chapter 373, 2022 General Session