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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) A qualifying agency shall prepare a federal funds contingency plan that meets the requirements described in Subsection (2).
(2) A federal funds contingency plan shall:
(a) identify short-term and long-term risks to the agency if there is a reduction in the amount or value of federal funds the agency receives;
(b) identify short-term and long-term strategies the agency may use to respond to the risks described in Subsection (2)(a); and
(c) designate agency personnel who are responsible for implementing the strategies described in Subsection (2)(b).
(3) A qualifying agency shall update the agency's federal funds contingency plan:
(a) at least every other year; and
(b) in any year in which the qualifying agency submits a new federal funds request that exceeds $10,000,000.
(4) On or before December 31 of each year that a qualifying agency prepares a federal funds contingency plan or an update to a federal funds contingency plan, the qualifying agency shall provide a copy of the contingency plan or update to:
(a) the Governor's Office of Planning and Budget;
(b) the Executive Appropriations Committee; and
(c) the Legislative Fiscal Analyst.
Cite this article: FindLaw.com - Utah Code Title 63J. Budgeting § 63J-5-302. Federal funds contingency plan - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63j-budgeting/ut-code-sect-63j-5-302/
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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