Utah Code 63N-4-504. Requirements for awarding a working hubs grant
Current as of: 2024 | Check for updates
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(1) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the office shall make rules establishing the eligibility and reporting criteria for an entity to receive a grant under this part, including:
Terms Used In Utah Code 63N-4-504
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Coworking and innovation center: means a facility designed to provide individuals with the infrastructure and equipment to participate in the online workforce. See Utah Code 63N-4-502
- Entity: means a county, city, nonprofit organization, or institution of higher education. See Utah Code 63N-4-502
- Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
- Executive director: means the executive director of the office. See Utah Code 63N-1a-102
- Grant: means a grant awarded as part of the Rural Coworking and Innovation Center Grant Program created in Section
63N-4-503 . See Utah Code 63N-4-502 - Land: includes :(18)(a) land;(18)(b) a tenement;(18)(c) a hereditament;(18)(d) a water right;(18)(e) a possessory right; and(18)(f) a claim. See Utah Code 68-3-12.5
- Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
(1)(a) the form and process of submitting an application to the office for a grant;(1)(b) which entities are eligible to apply for a grant;(1)(c) the method and formula for determining grant amounts; and(1)(d) the reporting requirements of grant recipients.
(2) In determining the award of a grant, the office may prioritize projects:
(2)(a) that will serve underprivileged or underserved communities, including communities with high unemployment or low median incomes;
(2)(b) where an applicant demonstrates comprehensive planning of the project but has limited access to financial resources, including financial resources from local or county government; and
(2)(c) that maximize economic development opportunities in collaboration with the economic development needs or plans of an educational institution, a county, and a municipality.
(3) Subject to legislative appropriation, a grant may only be awarded by the executive director.
(4) A grant may only be awarded under this part:
(4)(a) if the grant recipient agrees to provide any combination of funds, land, buildings, or in-kind work in an amount equal to at least 25% of the grant;
(4)(b) if the grant recipient agrees not to use grant money for the ongoing operation or maintenance of a coworking and innovation center; and
(4)(c) in an amount no more than $500,000 to a grant applicant.