Utah Code Ann. § 63A-5b-910 – Disposition of proceeds received by division from sale of vacant division-owned property. | Midpage
§ 63A-5b-910
Utah Code Ann. § 63A-5b-910
Disposition of proceeds received by division from sale of vacant division-owned property.
Effective May 3, 2023Amended by Chapter 329, 2023 General Session
(1)
(a) Except as provided in Section 26B-1-331, the division shall pay into the state treasury the money received from the transfer of ownership or lease of vacant division-owned property.
(b) Money paid into the state treasury under Subsection (1)(a):
(i) becomes a part of the funds provided by law for carrying out the building program of the state; and
(ii) is appropriated for the purpose described in Subsection (1)(b)(i).
(2) Except as described in Subsection 63A-5b-407(7), the proceeds from the transfer of ownership or lease of vacant division-owned property belonging to or used by a particular state agency shall, to the extent practicable, be expended for the construction of buildings or in the performance of other work for the benefit of that state agency.