§ 90-1-503 — Outcome Measures

90-1-503 . Outcome measures. (1) The department of commerce shall develop reasonable outcome measures by which the success of the distressed wood products industry revolving loan program provided for in this part must be measured on an annual basis. Minimal outcome that must be measured includes:
(a) the uses of loan funds that provided the best overall results; and
(b) a determination of the overall success of the loan program, including but not limited to the number of jobs created or retained, pay levels, financial status, reports on project activities, the growth of a local economy, and the taxable value of property or equipment.
(2) The department may require information from entities receiving loans in order to measure outcome.
(3) In accordance with 5-11-210 , the department shall provide a status report of the distressed wood products industry loan account to the economic affairs interim committee provided for in 5-5-223 .

Legislative History

En. Sec. 3, Ch. 484, L. 2009.