Utah Code § 59-31-401
Cannabinoid Proceeds Restricted Account
Redline — January 1, 2025 → current.View current text →
Current — January 1, 2027
As of January 1, 2025
(1) There is created within the General Fund a restricted account known as the "Cannabinoid Proceeds Restricted Account."
(1) There is created within the General Fund a restricted account known as the "Specialized Product Proceeds Restricted Account."
(2) The Cannabinoid Proceeds Restricted Account consists of: (a) revenue collected from the tax imposed by Section 59-31-301; and (b) amounts appropriated by the Legislature.
(2) The Specialized Product Proceeds Restricted Account consists of: (a) revenue collected from the tax imposed by Section 59-31-301; (b) fine amounts collected under Subsection 59-31-201(3); and (c) amounts appropriated by the Legislature.
(3) Subject to appropriation, money in the account may be used for the following: (a) enforcement of Title 4, Chapter 41, Hemp and Cannabinoid Act by the Department of Agriculture and Food; (b) investigations described in Section 77-39-101, regarding cannabinoid products; (c) the Industrial Hemp Grant Program created in Section 63N-3-1302; and (d) provided to counties, cities, and towns in proportion to the county's, city's, or town's distribution under Section 59-12-205 for the preceding fiscal year.
(3) Subject to appropriation, money in the account may be used for any of the following: (a) enforcement and performance of duties described in Title 4, Chapter 41, Hemp and Cannabinoid Act, by the Department of Agriculture and Food; (b) enforcement and performance of duties described in Title 4, Chapter 45, Kratom Consumer Protection Act, by the Department of Agriculture and Food; (c) investigations described in Section 77-39-101, regarding cannabinoid products; and (d) the Industrial Hemp Grant Program created in Section 63N-3-1302.
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.