Compendium of Budget Information for the 2012 General Session
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Agency: Administrative Services Function Each year the Legislature funds items that impact several agencies, don't apply to any specific agency, or pose a conflict of interest to agency management. For these programs, the Legislature directs the Division of Finance to administer payment as intended for each appropriation. In the past, the Legislature funded Y2K, critical land issues, and inmate issues by placing the funds in dedicated accounts managed by the Division of Finance. The Division of Finance manages expenditures as provided in appropriations acts for each program, but is not empowered to make policy decisions regarding funding in the mandated sections. Funding Detail
Program: Land Exchange Distribution Function The 2007 Legislature passed H.B. 134, 'School and Institutional Trust Lands Amendments' which created the Land Exchange Distribution Account and changed the distribution of mineral revenue generated from lands acquired by the School and Institutional Trust Lands Administration. The Division of Finance receives appropriations from the Land Distribution Exchage Fund and distributes those funds to counties in amounts proportionate to the size of the county and to the amount of mineral revenue generated from county land. Statutory Authority UCA 53C-3-202 requires the deposit of certain collections into the Land Exchange Distribution Account. UCA 53C-3-203 creates the Land Distribution Account and sets forth the required disbursements from the account. Special Funds The Land Exchange Distribution Account receives 50% of bonus payments received from the lease of coal, oil, gas, and coalbed methane; and 50% of rentals and royalties received from the lease of subject minerals on the acquired lands. The Account received $16.8 million in revenues during FY 2011 and has a balance of $426,300 at the end of FY 2011. Funding Detail
Program: LeRay McAllister Critical Land Conservation Fund Function The LeRay McAllister Critical Land Conservation Fund (CLCF) and Program was transferred to the Governor's Office beginning FY 2010. Funding Detail
Program: Development Zone Partial Rebates Function The Division of Finance is required by statute to make partial rebates from the Economic Incentive Restricted Account to certain industries which bring in new state revenues. Documentation is required from the Governor's Office of Economic Development. Statutory Authority UCA 63M-1-2408 establishes the Economic Incentive Restricted Account, which is used to make payments to individuals or companies that have generated verifiable new state revenues. Only projects that include significant capital investment, the creation of high paying jobs, or significant purchases from Utah vendors and providers are eligible. Special Funds The Economic Incentive Restricted Account receives partial rebate payments from new state revenues generated by new commercial business projects. In FY 2011 the account received revenues of $6,941,800 and had a balance of $6,021,400 at the end of FY 2011. Funding Detail The Division of Finance is required to transfer from new revenues in the General Fund the amount estimated by the Governor's Office needed to make the partial rebates. Rebates are then made from the restricted account. Lapsing Balances are unspent funds that return to the Economic Incentive Restricte Account for re-appropriation in the future.
Function The Legislature transferred the Jail Reimbursement Program funding to the Finance Mandated line item beginning FY 2010. See 2009 General Session House Bill 220, "State Payment and Reimbursement to County Correctional Facilities." This action transfers the responsibility to disburse county jail reimbursement funds from Corrections to the Division of Finance. Funding Detail The Beginning Nonlapsing balance in FY 2010 comes from the Department of Corrections, which formerly administered this program.
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