Utah Code § 35A-15-203: School Readiness Restricted Account -- Creation -- Funding -- Distribution of funds.

(1) There is created in the General Fund a restricted account known as the "School Readiness Restricted Account."

(2) The School Readiness Restricted Account consists of:

(a) money appropriated by the Legislature;

(b) all income and interest derived from the deposit and investment of money in the account;

(c) federal grants; and

(d) private donations.

(3) Subject to legislative appropriations, money in the restricted account may be used:

(a) to award a grant under Section 35A-15-301 or 35A-15-302;

(b) to contract with an evaluator;

(c) to fund the participation of eligible students in a high quality school readiness program through a results-based contract; and

(d) for administration costs and to monitor the programs described in this part.

(4) Money for awards under Subsection (3)(a) shall be allocated in the following order to:

(a) pay results-based contracts;

(b) grant awards under Section 35A-15-302; and

(c) if any allocated funds remain, grant awards under Section 35A-15-301.