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Code · Utah · Title 63N — Economic Opportunity Act · Chapter 24

63N-24-606. Division to distribute money -- Annual report -- Administration costs.

115 words·~1 min read·/ut/title-63n/chapter-24/63n-24-606

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Effective 7/1/2026
63N-24-606. 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 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.
Renumbered and Amended by Chapter 393 , 2026 General Session
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