9-11-104. San Juan Navajo Revitalization Fund.
(1) (a) There is created a restricted special revenue fund called the "Navajo Revitalization
Fund."
(b) The fund shall consist of:
(i) monies deposited to the fund under this chapter;
(ii) monies deposited to the fund under Section 59-5-119; and
(iii) any loan repayment or interest on a loan issued under this chapter.
(2) (a) The revitalization fund shall earn interest.
(b) All interest earned on fund monies shall be deposited into the fund.
(3) Any unallocated balance in the fund at the end of a fiscal year shall be nonlapsing.
(4) The division may use fund monies for the administration of the fund, but this amount
may not exceed 2% of the annual receipts to the fund.
Amended by Chapter 256, 2002 General Session
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Last revised: Thursday, May 28, 2009