Utah § 63N-3-107 Agreements.

Utah Statutes

§ 63N-3-107 — Agreements.

Utah·Title 63N Economic Opportunity Act·Ch. 63N-3 Economic Development Programs·Part 63N-3-1 Industrial Assistance Account

The administrator shall enter into agreements with each successful applicant that have specific terms and conditions for each loan, grant, or financial assistance under this part, including:

(1)for a loan:

(1)(a) repayment schedules;

(1)(b) interest rates;

(1)(c) specific economic activity required to qualify for the loan or for repayment credits;

(1)(d) collateral or security, if any; and

(1)(e) other terms and conditions considered appropriate by the administrator; and

(2)for a grant or other financial assistance:

(2)(a) requirements for compliance monitoring;

(2)(b) repayment for nonperformance or departure from the state;

(2)(c) collateral or security, if any; and

(2)(d) other terms and conditions considered appropriate by the administrator.

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The administrator shall enter into agreements with each successful applicant that have specific terms and conditions for each loan, grant, or financial assistance under this part, including:
(1) for a loan:
(1)(a) repayment schedules;
(1)(b) interest rates;
(1)(c) specific economic activity required to qualify for the loan or for repayment credits;
(1)(d) collateral or security, if any; and
(1)(e) other terms and conditions considered appropriate by the administrator; and
(2) for a grant or other financial assistance:
(2)(a) requirements for compliance monitoring;
(2)(b) repayment for nonperformance or departure from the state;
(2)(c) collateral or security, if any; and
(2)(d) other terms and conditions considered appropriate by the administrator.

Utah § 63N-3-107 (Agreements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.