53A-16-101. Uniform School Fund -- Contents -- Interest and Dividends Account.
(1) The Uniform School Fund established by Utah Constitution, Article X, Section 5,
consists of:
(a) interest and dividends derived from the investment of monies in the permanent State
School Fund established by Utah Constitution, Article X, Section 5;
(b) money transferred to the fund pursuant to Title 67, Chapter 4a, Unclaimed Property
Act; and
(c) all other constitutional or legislative allocations to the fund, including revenues
received by donation.
(2) (a) There is created within the Uniform School Fund a restricted account known as
the Interest and Dividends Account.
(b) The Interest and Dividends Account consists of:
(i) interest and dividends derived from the investment of monies in the permanent State
School Fund referred to in Subsection (1)(a); and
(ii) interest on account monies.
(3) (a) Upon appropriation by the Legislature, monies from the Interest and Dividends
Account shall be used for the School LAND Trust Program as provided in Section
53A-16-101.5.
(b) The Legislature may appropriate any remaining balance for the support of the public
education system.
Amended by Chapter 122, 2007 General Session
Amended by Chapter 180, 2007 General Session
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Last revised: Thursday, May 28, 2009