Utah Statutes
§ 63N-3-103 — Industrial Assistance Account created -- Uses -- Administrator duties -- Costs.
Utah·Title 63N Economic Opportunity Act·Ch. 63N-3 Economic Development Programs·Part 63N-3-1 Industrial Assistance Account
(1)There is created a restricted account within the General Fund known as the "Industrial Assistance Account".
(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.
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Legislative History
Amended by Chapter 282, 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.