67-5-39. Sheriff Node Program.
(1) As used in this section: "Blockchain" means the same as that term is defined in Section. 78B-3-112 "Reversible blockchain" means the same as that term is defined in Section. 78B-3-112 "Sheriff node" means a computer that: is connected to a reversible blockchain; is administered by the Office of the Attorney General; and allows the Office of the Attorney General to reverse a mistaken or fraudulent transaction upon receipt of: a court order issued under Section; or 78B-3-112 an award issued in a valid and binding arbitration. "Transaction" means the same as that term is defined in Section. 78B-3-112
(2) There is created a program known as the "Sheriff Node Program" within the Office of the Attorney General to operate a sheriff node on a reversible blockchain. The attorney general shall administer the program with funds available for this purpose.
(3) The attorney general shall operate the program only to reverse a transaction on a reversible blockchain upon receipt of: a court order issued under Section; or 78B-3-112 an award issued in a valid and binding arbitration.
(4) The attorney general may make rules in accordance with, to carry out the program, including to: Title 63G, Chapter 3, Utah Administrative Rulemaking Act establish the number of reversible blockchains for which the attorney general may administer a sheriff node; charge and assess fees and costs for the operation of a sheriff node on a reversible blockchain; establish criteria for determining the validity of an arbitration award; and establish other rules reasonably necessary to efficiently carry out the sheriff node program.