1. (1)

   1. (a) There is created an expendable special revenue fund called the "Navajo Revitalization Fund."

   2. (b) The revitalization fund shall consist of:

      1. (i) money deposited to the revitalization fund under this part;
      2. (ii) money deposited to the revitalization fund under Section 59-5-119; and
      3. (iii) any loan repayment or interest on a loan issued under this part.

2. (2)

   1. (a) The revitalization fund shall earn interest.
   2. (b) The interest earned on revitalization fund money shall be deposited into the fund.
3. (3) Beginning for fiscal year 2010-11, the division may use revitalization fund money for the administration of the revitalization fund, not to exceed 4% of the annual receipts to the revitalization fund.

4. (4) The fund:

   1. (a) consists of state severance tax money to be spent at the discretion of the state; and
   2. (b) does not constitute a trust fund.

Renumbered and Amended by Chapter 393, 2026 General Session