Effective 7/1/2017 53C-3-101. Land Grant Management Fund — Contents — Use of money. (1) (a) There is created an enterprise fund known as the Land Grant Management Fund. (b) This fund shall consist of: (i) all revenues derived from trust lands except revenues from the sale of those lands; (ii) all interest earned by the […]
Effective 5/5/2021 53C-3-102. Deposit and allocation of money received. (1) (a) The director shall pay to the School and Institutional Trust Fund Office, created in Section 53D-1-201, all money received, accompanied by a statement showing the respective sources of this money. (b) The administration and the School and Institutional Trust Fund Office shall enter into […]
Effective 7/1/2017 53C-3-103. Disposition of interest on permanent funds. The trust distributions derived from the investment of funds belonging to the permanent State School Fund and the permanent funds of the respective state institutions shall be distributed for use for the maintenance of public elementary and secondary schools or the state institutions in accordance with […]
53C-3-104. Disposition of reservoir land grant revenue. Money from the sale or management of land selected under the Reservoir Land Grant for the establishment of permanent water reservoirs and water development and conservation projects for irrigation purposes shall be deposited in the Water Resources Construction Fund created in Section 73-10-8. Enacted by Chapter 294, 1994 […]
53C-3-105. Disposition of revenue for normal schools. Money distributed for the benefit of the state’s normal schools, as provided under the Utah Enabling Act, Section 12, Utah Constitution Article X, Section 7, Utah Constitution Article XX, Section 2, and Sections 53C-3-101 and 53C-3-103, shall be allocated to institutions within the state system of higher education, […]
