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Code · Utah · Title 63N — Economic Opportunity Act · Chapter 3

63N-3-803. Annual accounting.

129 words·~1 min read·/ut/title-63n/chapter-3/63n-3-803

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Effective 7/1/2022
63N-3-803. Annual accounting.
(1)The office shall monitor the activities of recipients of the loans and loan guarantees issued under this part on a yearly basis to ensure compliance with the terms and conditions imposed on the recipient by the office under this part.
(2)An entity receiving a loan or loan guarantee under this part shall provide the office with an annual accounting of how the money it received from the fund was spent.
(3)The office shall include the following information in the office's annual written report described in Section 63N-1a-306 :
(a)an accounting of expenditures made from the fund; and
(b)an evaluation of the effectiveness of the loan and loan guarantee program.
Renumbered and Amended by Chapter 22 , 2022 General Session
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