Renumbered 7/1/2026
126 words·~1 min read·
/ut/title-35a/chapter-8/7-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/13/2014
Renumbered 7/1/2026
35A-8-1607. Division to distribute money -- Annual report -- Administration costs.
(1)The division shall distribute loan and grant money if the loan or grant is approved by the board.
(2)The division shall provide an annual report to the department concerning the number and type of loans and grants made as well as a list of recipients of this assistance for inclusion in the department's annual written report described in Section 35A-1-109 .
(3)The division, with board approval, may use fund money for the administration of the fund, but this amount may not exceed 2% of the annual receipts to the fund.
Renumbered and Amended by Chapter 393 , 2026 General Session
Amended by Chapter 371 , 2014 General Session