63N-24-315. Annual accounting.
240 words·~1 min read·
/ut/title-63n/chapter-24/63n-24-315A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 7/1/2026
63N-24-315. Annual accounting.
(1)The housing coordinator shall monitor the activities of recipients of funds from the Economic Revitalization and Investment Fund and the Rural Housing Fund on a yearly basis to ensure compliance with the terms and conditions imposed on the recipient by the housing coordinator with the approval of the board.
(a)A housing sponsor that receives funds from the Economic Revitalization and Investment Fund shall provide the housing coordinator with an annual accounting of how the money the entity received from the Economic Revitalization and Investment Fund has been spent and evidence that the commitment described in Section 63N-24-310 has been met.
(b)A housing sponsor that receives funds from the Rural Housing Fund shall provide the housing coordinator with an annual accounting of how the money the entity received from the Rural Housing Fund has been spent and evidence that the commitment described in Section 63N-24-311 has been met.
(3)The housing coordinator shall make an annual report to the board accounting for the expenditures authorized by the board under the Economic Revitalization and Investment Fund and the Rural Housing Fund.
(4)The board shall submit a report to the office for inclusion in the annual written report described in Section 63N-1a-306 that includes:
(a)an accounting for expenditures authorized by the board; and
(b)an evaluation of the effectiveness of each program.
Renumbered and Amended by Chapter 393 , 2026 General Session