Download Zipped Enrolled WP 9 SB0173.ZIP
[Introduced][Amended][Status][Bill Documents][Fiscal Note][Bills Directory]

S.B. 173 Enrolled

                 

DEPARTMENT OF AGRICULTURE

                 
AMENDMENTS

                 
2003 GENERAL SESSION

                 
STATE OF UTAH

                 
Sponsor: Leonard M. Blackham

                  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 [1998-99] 2003-04 only, up to [$2,000,000] $500,000 in the
                  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 .

- 2 -


[Bill Documents][Bills Directory]