(1) Except as provided under Subsections (3) and (4) and Sections 41-22-34 and 41-22-36, all registration fees and related money collected by the Motor Vehicle Division or any agencies designated to act for the Motor Vehicle Division under this chapter shall be deposited as restricted revenue in the Off-highway Vehicle Account in the General Fund less the costs of collecting off-highway vehicle registration fees by the Motor Vehicle Division. The balance of the money may be used by the division as follows:

1. (a) for the construction, improvement, operation, or maintenance of publicly owned or administered off-highway vehicle facilities;
2. (b) for the mitigation of impacts associated with off-highway vehicle use;
3. (c) as grants or as matching funds with any federal agency, state agency, political subdivision of the state, or organized user group for the construction, improvement, operation, acquisition, or maintenance of publicly owned or administered off-highway vehicle facilities including public access facilities;
4. (d) for the administration and enforcement of the provisions of this chapter; and
5. (e) for the education of off-highway vehicle users.

(3)

1. (a) One dollar and 50 cents of each annual registration fee collected under Subsection 41-22-8(1) and each off-highway vehicle user fee collected under Subsection 41-22-35(2) shall be deposited in the Land Grant Management Fund created under Section 53C-3-101.

2. (b) The Utah School and Institutional Trust Lands Administration shall use the money deposited under Subsection (3)(a) for costs associated with off-highway vehicle use of legally accessible lands within its jurisdiction as follows:

   1. (i) to improve recreational opportunities on trust lands by constructing, improving, maintaining, or perfecting access for off-highway vehicle trails; and
   2. (ii) to mitigate impacts associated with off-highway vehicle use.
3. (c) Any unused balance of the money deposited under Subsection (3)(a) exceeding $350,000 at the end of each fiscal year shall be deposited in the Off-highway Vehicle Account under Subsection (1).