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(1) There is created a restricted account within the General Fund known as the Homeless to Housing Reform Restricted Account.
(2) The restricted account shall be administered by the office for the purposes described in Section 35A-16-302.
(3) The state treasurer shall invest the money in the restricted account according to the procedures and requirements of Title 51, Chapter 7, State Money Management Act, except that interest and other earnings derived from the restricted account shall be deposited in the restricted account.
(4) The restricted account shall be funded by:
(a) appropriations made to the account by the Legislature; and
(b) private donations, grants, gifts, bequests, or money made available from any other source to implement this section and Section 35A-16-302.
(5) Subject to appropriation, the coordinator shall use restricted account money as described in Section 35A-16-302.
(6) The coordinator, in cooperation with the homelessness council, shall submit an annual written report to the department that gives a complete accounting of the use of money from the restricted account for inclusion in the annual report described in Section 35A-1-109.
(7) In addition to the funding sources described in Subsection (4), the restricted account shall be funded by the one-time deposit of the proceeds of the state's sale of land located at 210 South Rio Grande Street, Salt Lake City, on or after March 1, 2020, which was the former location of an emergency homeless shelter.