Utah § 9-8-707 - Spending restrictions -- Return of endowment.

Full text of Utah Utah Code § 9-8-707 — Spending restrictions -- Return of endowment., with citation guidance and answers to common questions.

§ 9-8-707. Spending restrictions -- Return of endowment.

Effective 7/1/2023
9-8-707.  Spending restrictions -- Return of endowment.
(1) A qualifying organization that has received endowment money from funds made available for that purpose:
(a) may not expend the money or the required matching money in the endowment fund; and
(b) may expend the interest income earned on the money in the endowment fund.
(2) If a qualifying organization expends money in violation of Subsection (1), the qualifying organization shall return the amount of money allocated by the society under this part to the Division of Finance.


Amended by Chapter 160, 2023 General Session

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

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Frequently Asked Questions About Utah § 9-8-707

What does Utah Code § 9-8-707 cover?

Section 9-8-707 ("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 § 9-8-707?

A common citation format is "Utah Code § 9-8-707" (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 § 9-8-707 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.