Utah § 63N-3-111 Annual policy considerations.

Utah Statutes

§ 63N-3-111 — Annual policy considerations.

Utah § 63N-3-111

Title 63NEconomic Opportunity Act

Ch. 63N-3Economic Development Programs

Part 63N-3-1Industrial Assistance Account

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Bluebook

Utah Code Ann. § 63N-3-111 (2026).

Text

(1)(1)(a) The office shall make recommendations to state and federal agencies, local governments, the governor, and the Legislature regarding policies and initiatives that promote the economic development of targeted industries.

(1)(b) The office may create one or more voluntary advisory committees that may include public and private stakeholders to solicit input on policy guidance and best practices in encouraging the economic development of targeted industries.

(2)The administrator may establish:

(2)(a) minimum interest rates to be applied to loans granted that reflect a fair social rate of return to the state comparable to prevailing market-based rates such as the prime rate, U.S. Government T-bill rate, or bond coupon rate as paid by the state, adjusted by social indicators such as t

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(1) (1)(a) The office shall make recommendations to state and federal agencies, local governments, the governor, and the Legislature regarding policies and initiatives that promote the economic development of targeted industries.
(1)(b) The office may create one or more voluntary advisory committees that may include public and private stakeholders to solicit input on policy guidance and best practices in encouraging the economic development of targeted industries.
(2) The administrator may establish:
(2)(a) minimum interest rates to be applied to loans granted that reflect a fair social rate of return to the state comparable to prevailing market-based rates such as the prime rate, U.S. Government T-bill rate, or bond coupon rate as paid by the state, adjusted by social indicators such as the rate of unemployment; and
(2)(b) minimum applicant expense ratios, as long as they are at least equal to those required under Subsection 63N-3-105(2).