11-45-202. Criteria for loans.
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/ut/title-11/chapter-45/11-45-202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
11-45-202. Criteria for loans.
(1)The office shall make a loan from the fund to a political subdivision only to finance an energy efficiency project.
(2)The office may not make a loan from the fund:
(a)to finance a political subdivision's compliance with the energy code in the construction of a new building; or
(b)with a term of less than two years or more than 12 years.
Amended by Chapter 37 , 2012 General Session