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Utah Code § 63N-24-606

Division to distribute money -- Annual report -- Administration costs

Utah · Utah Code Title 63N — Economic Opportunity Act · Status: effective

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Utah Code § 63N-24-606, Division to distribute money -- Annual report -- Administration costs, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2348823
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(1) The division shall distribute loan and grant money if the loan or grant is approved by the board. (2) The division shall submit a report to the office for inclusion in the annual written report described in Section 63N-1a-306, the number and type of loan or grant awarded and a list of recipients that received a loan or grant award under this part. (3) The division, with board approval, may use fund money for the administration of the fund, not to exceed 2% of the annual receipts to the fund.