9-6-504. Duties of board.
The board shall:
(1) allocate moneys from the state fund to the endowment fund created by a qualifying
organization under Section 9-6-503;
(2) determine the eligibility of each qualifying organization to receive moneys from the
state fund into the endowment fund of the qualifying organization and be the final arbiter of
eligibility;
(3) determine the matching amount each qualifying organization must raise in order to
qualify to receive moneys from the state fund;
(4) establish a date by which each qualifying organization must provide its matching
funds;
(5) verify that matching funds have been provided by each qualifying organization by the
date determined in Subsection (4); and
(6) in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act,
establish criteria by rule not otherwise prescribed in this chapter for determining the eligibility of
qualifying organizations to receive moneys from the state fund.
Amended by Chapter 382, 2008 General Session
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Last revised: Thursday, May 28, 2009