Utah § 9-6-507 - Spending restrictions -- Return of endowment.

Full text of Utah Utah Code § 9-6-507 — Spending restrictions -- Return of endowment., with citation guidance and answers to common questions.

§ 9-6-507. Spending restrictions -- Return of endowment.

Effective 5/12/2020
9-6-507.  Spending restrictions -- Return of endowment.
(1) If a qualifying organization has received endowment money from the state fund, the qualifying organization may not expend any of that money or the required matching money in the qualifying organization's endowment fund, but may expend only the interest income earned on the money in the endowment fund.
(2) If the division determines that a qualifying organization has expended any amount of the endowment money received from the state fund or any amount of the required matching money:
(a) the qualifying organization shall return the amount of money the qualifying organization received from the state fund; and
(b) the division shall reallocate any such returned money to qualifying organizations in the manner as provided in Section 9-6-506.


Amended by Chapter 419, 2020 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 9-6-507

What does Utah Code § 9-6-507 cover?

Section 9-6-507 ("Spending restrictions -- Return of endowment.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 9-6-507?

A common citation format is "Utah Code § 9-6-507" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 9-6-507 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.