13-2-8. Consumer Protection Education and Training Fund.
(1) There is created a restricted special revenue fund known as the "Consumer Protection
Education and Training Fund."
(2) (a) Unless otherwise provided by a chapter listed in Section 13-2-1, all money not
distributed as consumer restitution that is received by the division from administrative fines and
settlements, from criminal restitution, or from civil damages, forfeitures, penalties, and
settlements when the division receives the monies on its own behalf and not in a representative
capacity, shall be deposited into the fund.
(b) Any portion of the fund may be maintained in an interest-bearing account.
(c) All interest earned on fund monies shall be deposited into the fund.
(3) Notwithstanding Title 63J, Chapter 1, Budgetary Procedures Act, the division may
use the fund with the approval of the executive director of the Department of Commerce in a
manner consistent with the duties of the division under this chapter for:
(a) consumer protection education for members of the public;
(b) equipment for and training of division personnel;
(c) publication of consumer protection brochures, laws, policy statements, or other
material relevant to the division's enforcement efforts; and
(d) investigation and litigation undertaken by the division.
(4) If the balance in the fund exceeds $100,000 at the close of any fiscal year, the excess
shall be transferred to the General Fund.
Amended by Chapter 382, 2008 General Session
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Last revised: Thursday, May 01, 2008