Utah Statutes
§ 63N-16-204 — Requirements for exiting regulatory sandbox.
Utah·Title 63N Economic Opportunity Act·Ch. 63N-16 Utah Office of Regulatory Relief·Part 63N-16-2 General Regulatory Sandbox Program
(1)At least 30 days before the end of the 12-month regulatory sandbox demonstration period, a sandbox participant shall:
(1)(a) notify the regulatory relief office that the sandbox participant will exit the regulatory sandbox and discontinue the sandbox participant's demonstration after the day on which the 12-month demonstration period ends; or
(1)(b) seek an extension in accordance with Section 63N-16-205.
(2)Subject to Subsection (3), if the regulatory relief office does not receive notification as required by Subsection (1), the regulatory sandbox demonstration period ends at the end of the 12-month testing period.
(3)If a demonstration includes an offering that requires ongoing duties, the sandbox participant may continue to do so but will be subject to enforcement of the laws or
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Legislative History
Enacted by Chapter 373, 2021 General Session
Nearby Sections
15
§ 63N-13-101
Title -- Projects to assist companies to secure new business with federal, state, and local governments.§ 63N-13-301
Title.§ 63N-13-302
Definitions.§ 63N-13-303
Contract with facilitator.§ 63N-13-304
Functions and responsibilities of facilitator.§ 63N-13-305
Office oversight over contract performance of facilitator -- Office reports to Legislature.§ 63N-16-102
Definitions.§ 63N-16-104
Creation and duties of advisory committee.§ 63N-16-105
Annual report.§ 63N-16-202
Scope of the regulatory sandbox.§ 63N-16-203
Consumer protection for regulatory sandbox.§ 63N-16-204
Requirements for exiting regulatory sandbox.