Utah Statutes
§ 63N-3-803 — Annual accounting.
Utah·Title 63N Economic Opportunity Act·Ch. 63N-3 Economic Development Programs·Part 63N-3-8 State Small Business Credit Initiative Program Fund
(1)The office shall monitor the activities of recipients of the loans and loan guarantees issued under this part on a yearly basis to ensure compliance with the terms and conditions imposed on the recipient by the office under this part.
(2)An entity receiving a loan or loan guarantee under this part shall provide the office with an annual accounting of how the money it received from the fund was spent.
(3)The office shall include the following information in the office's annual written report described in Section 63N-1a-306:
(3)(a) an accounting of expenditures made from the fund; and
(3)(b) an evaluation of the effectiveness of the loan and loan guarantee program.
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Legislative History
Renumbered and Amended by Chapter 22, 2022 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.