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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) There is created within the General Fund a restricted account known as the “Cannabinoid 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.
(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.
Cite this article: FindLaw.com - Utah Code Title 59. Revenue and Taxation § 59-31-401. Cannabinoid Proceeds Restricted Account - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-59-revenue-and-taxation/ut-code-sect-59-31-401/
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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