Utah Code 63N-3-103. Industrial Assistance Account created — Uses — Administrator duties — Costs
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(1) There is created a restricted account within the General Fund known as the “Industrial Assistance Account”.
Terms Used In Utah Code 63N-3-103
- Administrator: means the executive director or the executive director's designee. See Utah Code 63N-3-102
- Restricted Account: means the restricted account known as the Industrial Assistance Account created in Section
63N-3-103 . See Utah Code 63N-3-102
(2) The administrator shall administer the restricted account.
(3) The administrator may hire appropriate support staff to perform the duties required under this section.
(4) The cost of administering the restricted account shall be paid from money in the restricted account.
(5) Interest accrued from investment of money in the restricted account shall remain in the restricted account.
(6) The office shall review the activities and progress of grant recipients under this chapter on a regular basis and, as part of the office’s annual written report described in Section 63N-1a-306, report on the economic impact of activities funded by each grant.