OCR Text |
Show a Endowment shall be audited annually.. (a) by the state auditor in its use of public money pursuant to the : mula as provided in Section 53A Qt (6) The Section 20. Section enacted to read 62A-1S-1- Division ot Finance and the state auditor. (7) The Endowment is exempt from Title 63. Chapter 38. Budgetary Eligibility criteria. Definitions (2) 'Eligible reciptenfjneans any .private. npnpffltlMxgmpLeniity provide services to Utah's homeless or impoverished. (3) Eligibility criteria means the qualifications to be established method: Environment and Ethics Fund shall be retained annually its; as an.anrto: amount of 1200 million has been accumulated. the Education. Environment, and Ethics Fund through Its board will cease distnbution to the Endowment (111 The Interest in the Endowment shall be used exclusively to the a) to provide a continuum of care through assistance, supervision, and housing to the impoverished or homeless: (b) to prevent homelessness, and. or .homeless. mi Endowment" means the Utah Basic Human-NeedEndowment s creaiertoLSectioa 2AJL5d01 (51 Homeless means any individual who does not have permanent. food, plotting shelter, transportation, medical care, and childoariLJg Qualifying recipient' means any eligible reciPMlLwhQ has bean mental health services, language acquisition instruction. Of Other basic needs to prevent or alleyialehaiMleasnes pf poyeriyJtLlML 62A-- 1 1 03 is enacted to read: Creetion ot Utah Basic Human Needs Endowment -Expenses Purpose - Authorized use of fund revenues Annual reporting required Accounting and auditing required Threshold amount to be accumulated. (1 I Thera is created t restricted special revenue fond entitled the "Utah Basic Human Needs Endowment to be known as Mfodowment. (2) The Endowment shalLcansislflfc (a) monies distributed according to the percagtaae formulae.tramJhg Section Education Environment and Ethics Fund created Section 21. Section Procedures Ad (8) The Endowment shall be used exclusively tor the statewide Purposes to promote the general welfare as declared in this initiative. to criteria shall be m writing and established pursuant to the Utah (7) to thfiauthonty. Section 22 Severability clause. purpose of funding for environmental regulation, children's education, the Impoverished, housing, and health services. The tees and taxes received pursuant to this act are revenues which Section 23. Statewide ulation. promoting the general welfare, improving the quality of life to 5-- 3. r dents m need ot sufficient physical and mental health services. Section 24 Effective date. 53A-3Q- 101. and. (bl investment income derived from the money in the Endowment (3) The Endowment shall earn interest, andalriterest eamedan Endowment monies shall be deposited into thfllJldOVYmenL 14) Any appropriations from the Endowment shall be nonlapsing and be nonlaosinq and remain Subsection 18). n the I Endowment, encg&.as provided if) Utilized in addfoonJoany emstmatoida The fund may not be used as an Offset Of) exist: - or homeless. funding levels. Bhed- rg 87 |