9-11-103. Legislative intent.
(1) The purpose of this chapter is to:
(a) maximize the long-term benefit of state severance taxes derived from lands in Utah
held in trust by the United States for the Navajo Nation and its members by fostering funding
mechanisms that will, consistent with sound financial practices, result in the greatest use of
financial resources for the greatest number of citizens of San Juan County; and
(b) promote cooperation and coordination between the state, its political subdivisions,
Indian tribes, and individuals, firms, and business organizations engaged in the development of oil
and gas interests in Utah held in trust by the United States for the Navajo Nation and its members.
(2) Notwithstanding Subsection (1), the fund:
(a) consists of state severance tax monies to be spent at the discretion of the state; and
(b) does not constitute a trust fund.
Amended by Chapter 150, 2001 General Session
Download Code Section Zipped WordPerfect 09_11_010300.ZIP 2,013 Bytes
Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page
Last revised: Thursday, May 28, 2009