9-8-707. Spending restrictions -- Return of endowment.
(1) A qualifying organization that has received endowment money from funds made available for that purpose:
(a) may not expend the money or the required matching money in the endowment fund; and
(b) may expend the interest income earned on the money in the endowment fund.
(2) If a qualifying organization expends money in violation of Subsection (1), the qualifying organization shall return the amount of money allocated by the society under this part to the Division of Finance.