Utah Code § 53C-3-103: Disposition of interest on permanent funds.
Where this section sits in the code
- Title 53C School and Institutional Trust Lands Management Act
- Chapter 53C-3 Deposit and Allocation of Revenue from Trust Lands
- Part 53C-3-1 Land Grant Management Fund - Disposition of Revenue
The trust distributions derived from the investment of funds belonging to the permanent State School Fund and the permanent funds of the respective state institutions shall be distributed for use for the maintenance of public elementary and secondary schools or the state institutions in accordance with applicable law.
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