Section 403 – Consumer Privacy Restricted Account.

• (1) There is created a restricted account known as the “Consumer Privacy Account.”

• (2) The account shall be funded by money received through civil enforcement actions under this chapter.

• (3) Upon appropriation, the division or the attorney general may use money deposited into the account for:
  • (a) investigation and administrative costs incurred by the division in investigating consumer complaints alleging violations of this chapter;
  • (b) recovery of costs and attorney fees accrued by the attorney general in enforcing this chapter; and
  • (c) providing consumer and business education regarding:
    • (i) consumer rights under this chapter; and
    • (ii) compliance with the provisions of this chapter for controllers and processors.

• (4) If the balance in the account exceeds $4,000,000 at the close of any fiscal year, the Division of Finance shall transfer the amount that exceeds $4,000,000 into the General Fund.

Enacted by Chapter 462, 2022 General Session