7 LONG TITLE
8 General Description:
9 This bill amends the Sovereign Lands Management Account.
10 Highlighted Provisions:
11 This bill:
12 . designates how funds from the Sovereign Lands Management Account may be
14 Money Appropriated in this Bill:
16 Other Special Clauses:
18 Utah Code Sections Affected:
20 65A-5-1 , as last amended by Laws of Utah 2013, Second Special Session, Chapter 3
22 Be it enacted by the Legislature of the state of Utah:
23 Section 1. Section 65A-5-1 is amended to read:
24 65A-5-1. Sovereign Lands Management Account -- Creation -- Contents --
25 Appropriation to fund division expenses.
26 (1) There is created within the General Fund a restricted account known as the
27 Sovereign Lands Management Account.
28 (2) The account shall consist of the following:
29 (a) all revenues derived from sovereign lands; and
30 (b) that portion of all revenues derived from mineral leases on other lands managed by
31 the division necessary to recover management costs.
32 (3) (a) All expenditures of the division relating directly to the management of state
33 lands shall be funded by appropriation by the Legislature from the Sovereign Lands
34 Management Account or other sources.
35 (b) Funds from the Sovereign Lands Management Account may only be expended to
36 manage and benefit sovereign lands and state lands.
Legislative Review Note
as of 2-26-14 7:52 AM