Title 63A Chapter 3 Section 506

Utah Administrative Services Code
Division of Finance
Section 506
Allocation of funds.

            

63A-3-506.   Allocation of funds.

            (1) Except as provided in Subsection (2), the money collected by the office less the office's fees shall be allocated on a prorated basis to the various revenue types that generated the accounts receivable.

            (2) Notwithstanding the requirements of Subsection (1):

            (a) federal cost allocation requirements for specific accounts receivable related to programs that are supported by federal funds take precedence over other cost allocation methods provided in this section; and

            (b) the office shall use interest and fees collected on past due accounts receivable as provided in Section 63A-3-505.


Renumbered and Amended by Chapter 79, 2011 General Session