Utah § 51-13-101 - Definitions.

Full text of Utah Utah Code § 51-13-101 — Definitions., with citation guidance and answers to common questions.

§ 51-13-101. Definitions.

Effective 5/7/2025
51-13-101.  Definitions.
As used in this chapter:
(1)"Division" means the Division of Finance created in Section 63A-3-101.
(2)"Excess revenue collections" means any amount of General Fund or Income Tax Fund revenue that, in any fiscal year, exceeds the estimated revenue for that fiscal year last adopted by the Executive Appropriations Committee by more than two standard deviations on a 20-year mean.
(3)"Fund" means the State Sovereignty Fund created in Section 51-13-201.
(4)"General Fund Budget Reserve Account" means the General Fund Budget Reserve Account created in Section 63J-1-312.
(5)"Income Tax Fund Budget Reserve Account" means the Income Tax Fund Budget Reserve Account created in Section 63J-1-313.
(6)
(a)"Principal" means money deposited into the State Sovereignty Fund in accordance with Section 51-13-201.
(b)"Principal" does not include earnings like interest, dividends, or asset appreciation credited to the State Sovereignty Fund.
(7)"Reserve account surplus" means an amount described in Subsection 63J-1-312(3)(a)(ii)(B) or 63J-1-313(3)(a)(ii)(B).


Enacted by Chapter 272, 2025 General Session

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Frequently Asked Questions About Utah § 51-13-101

What does Utah Code § 51-13-101 cover?

Section 51-13-101 ("Definitions.") 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.

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