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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) The purpose of this part is to:
(a) maximize the long-term benefit of state severance taxes derived from lands in Utah held in trust by the United States for the Navajo Nation and its members by fostering funding mechanisms that will, consistent with sound financial practices, result in the greatest use of financial resources for the greatest number of citizens of San Juan County; and
(b) promote cooperation and coordination between the state, its political subdivisions, Indian tribes, and individuals, firms, and business organizations engaged in the development of oil and gas interests in Utah held in trust by the United States for the Navajo Nation and its members.
(2) Notwithstanding Subsection (1), the fund:
(a) consists of state severance tax money to be spent at the discretion of the state; and
(b) does not constitute a trust fund.
Cite this article: FindLaw.com - Utah Code Title 35A. Utah Workforce Services Code § 35A-8-1703. Legislative intent - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-35a-utah-workforce-services-code/ut-code-sect-35a-8-1703/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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