Utah Code 35A-8-1607. Division to distribute money — Annual report — Administration costs
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(1) The division shall distribute loan and grant money if the loan or grant is approved by the board.
Terms Used In Utah Code 35A-8-1607
- Board: means the Uintah Basin Revitalization Fund Board. See Utah Code 35A-8-1601
- Department: means the Department of Workforce Services created in Section 35A-1-103. See Utah Code 35A-1-102
- Division: means the Housing and Community Development Division. See Utah Code 35A-8-1601
(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.