(1) If a minor is committed to the custody of the division, the division may establish: (a) an account for the minor that is administered by the division; or (b) a joint account for the minor and the division at a federally insured financial institution. (2) The division may: (a) collect funds earned or received by a minor; and (b) place the funds earned or received by the minor into an account described in Subsection (1). (3) The division may: (a) only use funds placed in an account described in Subsection (1) for the minor, including using the funds to pay restitution, victim compensation, fines, alimony, support payments, cost of care, or similar court-ordered payments owed by the minor; and (b) provide the minor with any funds remaining in an account described in Subsection (1) upon the minor's transition and termination from the custody of the division. (4) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the division shall make rules to establish the administration of accounts and finances for minors in the custody of the division.
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