Utah § 63N-3-107 Agreements.

Utah Statutes

§ 63N-3-107 — Agreements.

Utah § 63N-3-107

Title 63NEconomic Opportunity Act

Ch. 63N-3Economic Development Programs

Part 63N-3-1Industrial Assistance Account

This text of Utah § 63N-3-107 (Agreements.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 63N-3-107 (2026).

Text

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.