Download Zipped Enrolled WP 9 SB0173.ZIP
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S.B. 173 Enrolled
This act modifies the agricultural code by allowing the appropriation of funds from the
Agriculture Resource Development Fund. The act appropriates for fiscal year 2003-04
only, $500,000 from the Agriculture Resource Development Fund to the Utah Rural
Rehabilitation Fund.
This act affects sections of Utah Code Annotated 1953 as follows:
AMENDS:
4-18-6, as last amended by Chapter 315, Laws of Utah 1999
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 4-18-6 is amended to read:
4-18-6. Agriculture Resource Development Fund -- Contents -- Use of fund
monies.
(1) There is created a revolving loan fund known as the Agriculture Resource
Development Fund.
(2) The Agriculture Resource Development Fund shall consist of:
(a) money appropriated to it by the Legislature;
(b) sales and use tax receipts transferred to the fund pursuant to Section 59-12-103 ;
(c) money received for the repayment of loans made from the fund;
(d) money made available to the state for agriculture resource development from any
source; and
(e) interest earned on the fund.
(3) The commission shall make loans from the Agriculture Resource Development
Fund as provided by Section 4-18-5 .
(4) For fiscal year [
Agriculture Resource Development Fund may be appropriated by the Legislature to the Utah
Rural Rehabilitation Fund created in Section 4-19-4 .
Section 2. Appropriation.
For fiscal year 2003-04 only, there is appropriated $500,000 from the Agriculture
Resource Development Fund created in Section 4-18-6 to the Utah Rural Rehabilitation Fund
created in Section 4-19-4 .
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