7-1-403 - Funds and balances paid to treasurer -- Separate account -- Use of funds. - Utah Statutes

7-1-403. Funds and balances paid to treasurer -- Separate account -- Use of funds.
Unexpended balances and all funds accruing to the department shall be deposited by thecommissioner with the state treasurer monthly and constitute a separate account within theGeneral Fund. No part of the account may revert to the General Fund except an amount asrequired by law to be transferred for general government and administrative costs. With theapproval of the director of the Division of Finance, the commissioner may withdraw sums fromthe account to pay costs and expenses of administration incurred in proceedings under Title 7,Chapters 1, 2, and 19, or to use in connection with the rehabilitation, reorganization, orliquidation of an institution under the jurisdiction of the department.

Amended by Chapter 1, 1986 Special Session 4