Limitations on fund balance.

Utah Code § 38-11-206, under Part 38-11-2: Residence Lien Recovery Fund.

Utah Code § 38-11-206

38-11-206. Limitations on fund balance.

By October 1 of each year, the division shall provide a written report to the Legislature and the Business and Labor Interim Committee that describes:

(1) the amount of money in the fund, including the encumbered fund balance;

(2) an estimate of when the fund will have insufficient money to continue to pay claims under this chapter; and

(3) a recommendation to the Legislature of whether the substantive provisions of this chapter should be repealed due to insufficient money in the fund.