No. 40019 (New Rule): Rule R661-1. Utah Navajo Trust Fund Scope

(New Rule)

DAR File No.: 40019
Filed: 12/28/2015 02:21:01 PM

RULE ANALYSIS

Purpose of the rule or reason for the change:

This rule is required by Subsection 51-10-205(4)(a).

Summary of the rule or change:

The scope of the rule being adopted as required by Subsection 51-10-205(4)(a).

State statutory or constitutional authorization for this rule:

• Subsection 51-10-205(4)(a)

Anticipated cost or savings to:

the state budget:

No anticipated cost or savings to state budget as result of this rule because this rule sets out the scope of the rules for beneficiaries of the Utah Navajo Trust Fund, Navajos residing in San Juan County, to apply for funding from the trust fund.

local governments:

No anticipated cost or savings to local government because this rule sets out the scope of the rules for beneficiaries of the Utah Navajo Trust Fund, Navajos residing in San Juan County, to apply for funding from the trust fund.

small businesses:

No anticipated cost or savings to small businesses because this rule sets out the scope of the rules for beneficiaries of the Utah Navajo Trust Fund, Navajos residing in San Juan County, to apply for funding from the trust fund.

persons other than small businesses, businesses, or local governmental entities:

No anticipated cost or savings to any other individuals or entities because this rule sets out the scope of the rules for the beneficiaries of the Utah Navajo Trust Fund, Navajos residing in San Juan County, to apply for funding from the trust fund.

Compliance costs for affected persons:

No compliance costs for affected persons because this rule sets out the scope of the rules for beneficiaries of the Utah Navajo Trust Fund, Navajos residing in San Juan County, to apply for funding from the trust fund.

Comments by the department head on the fiscal impact the rule may have on businesses:

No fiscal impact on businesses because this rule sets out the scope of the rules for beneficiaries of the Utah Navajo Trust Fund, Navajos residing in San Juan County, to apply for funding from the trust fund.

David Damschen, State Treasurer

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

Navajo Trust Fund
TrusteesRoom 180
350 N State Street
Salt Lake City, UT 84114

Direct questions regarding this rule to:

• Katharine Kinsman at the above address, by phone at 801-366-0140, by FAX at , or by Internet E-mail at [e-mail]

Interested persons may present their views on this rule by submitting written comments to the address above no later than 5:00 p.m. on:

02/16/2016

This rule may become effective on:

02/23/2016

Authorized by:

David Damschen, State Treasurer

RULE TEXT

R661. Navajo Trust Fund, Trustees.

R661-1. Utah Navajo Trust Fund Scope.

R661-1-1. Scope.

These rules are adopted pursuant to Subsection 51-10-205(4)(a), and shall be interpreted so as to be consistent with the Navajo Trust Fund Act. These rules shall govern the Board of Trustees, the Trust Administrator, the Trust staff, the Dine' Advisory Committee, as well as all beneficiaries of the Utah Navajo Trust Fund.

 

KEY: Utah Navajo Trust Fund (UNTF), Board of Trustees, Dine' Advisory Committee

Date of Enactment or Last Substantive Amendment: 2016

Authorizing, and Implemented or Interpreted Law: 51-10

 

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