Code · Utah · Title 11 — Cities, Counties, and Local Taxing Units · Chapter 45

11-45-205. Approval of loan.

99 words·~1 min read·/ut/title-11/chapter-45/11-45-205

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)In approving a loan, the office shall:

(a)review the loan application, plans, and specifications for the project;

(b)determine whether or not to grant the loan by applying the office's eligibility criteria; and

(c)if the loan is granted, prioritize the energy efficiency project by applying the office's priority criteria.

(2)The office may provide conditions on a loan to ensure that:

(a)the proceeds of the loan will be used to pay the cost of the project; and

(b)the project will be completed.

Amended by Chapter 37 , 2012 General Session