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[Utah Code Table of Contents]
[TITLE 65a. Table of Contents]
65A-5-1 Sovereign Lands Management Account - Creation - Contents - Appropriation to fund division expenses - Balance.
(1) There is created within the General Fund a restricted account known as the Sovereign Lands Management Account.
(2) The account shall consist of the following:
(a) all revenues derived from sovereign lands; and
(b) that portion of all revenues derived from mineral leases on other lands managed by the division necessary to recover management costs.
(3) All expenditures of the division relating directly to the management of state lands shall be funded by appropriation by the Legislature from the Sovereign Lands Management Account or other sources.
(4) As of June 30 of each calendar year, the unappropriated
portion of the Sovereign Lands Management Account from the
fiscal year ending June 30 of that calendar year shall be
nonlapsing and available for appropriation by the Legislature.
1995
65A-5-2 Deposit and allocation of money received.
(1) (a) The division shall pay to the state treasurer all money received, accompanied by a statement showing the respective sources of this money.
(b) Each source shall be classified as to sales, rentals, royalties, interest, fees, penalties, and forfeitures.
(2) (a) All money received by the division as a first or down payment on applications to purchase, permit, or lease state lands or minerals shall be paid to the state treasurer and held in suspense pending final action on those applications.
(b) After final action these payments shall either be
credited to the appropriate fund or account, or refunded
to the applicant in accordance with the action taken.
1994
