1. (1) There is created a restricted account within the General Fund known as the "Mortgage and Financial Fraud Investigation and Prosecution Restricted Account."

2. (2) The restricted account includes:

   1. (a) $2,000,000 of deposits from the foreclosure fraud settlement agreement between the United States Justice Department, United States Department of Housing and Urban Development, and a bipartisan group of state attorneys general, including Utah's attorney general, Bank of America, Citi, JP Morgan Chase, GMAC, and Wells Fargo announced in February 2012; and
   2. (b) any other amount appropriated by the Legislature.

3. (3) Money from the restricted account shall be used by the attorney general to:

   1. (a) investigate and prosecute mortgage and financial fraud throughout the state; and
   2. (b) fund mortgage and financial fraud investigation and prosecution staff.

Enacted by Chapter 350, 2012 General Session