Utah § 79-10-701 - Critical Minerals Development Account.
Full text of Utah Utah Code § 79-10-701 — Critical Minerals Development Account., with citation guidance and answers to common questions.
§ 79-10-701. Critical Minerals Development Account.
Effective 5/6/2026 79-10-701.
Critical Minerals Development Account.
(1)
There is created within the General Fund a restricted account known as the "Critical Minerals Development Account."
(2)
Subject to appropriation, the council shall administer the Critical Minerals Development Account for the purposes described in Subsection (5).
(3)
The Critical Minerals Development Account consists of:
(a)
revenue deposited into the Critical Minerals Development Account under Section 79-10-403;
(b)
money appropriated by the Legislature;
(c)
federal money;
(d)
donations or grants from public or private entities; and
(e)
interest and other earnings earned on money in the Critical Minerals Development Account.
(4)
(a)
The Critical Minerals Development Account shall earn interest.
(b)
The state treasurer shall invest account money in accordance with Title 51, Chapter 7, State Money Management Act, and credit the interest and earnings from the investments to the Critical Minerals Development Account.
(5)
Subject to appropriation, the council may use account money to:
(a)
pay the costs of administering this chapter;
(b)
fund the operations of the center in accordance with the plan and budget developed by the council in accordance with Section 79-10-601;
(c)
facilitate critical minerals extraction and processing infrastructure development within the state, including funding research, site selection, permitting, public outreach, and other activities related to the development of critical minerals extraction or processing infrastructure;
(d)
provide matching funds for federal critical minerals grants;
(e)
support critical minerals workforce development programs; and
(f)
provide incentives for critical minerals extraction or processing projects.
(6)
The council shall include a report of how money from the Critical Minerals Development Account was used in the annual report described in Section 79-10-302.
Section 79-10-701 ("Critical Minerals Development Account.") 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 § 79-10-701?
A common citation format is "Utah Code § 79-10-701" (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 § 79-10-701 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.
