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Division to distribute money -- Annual report -- Administration costs.

Utah Code § 63N-24-606
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63N-24-606. Division to distribute money -- Annual report -- Administration costs. (1) The division shall distribute loan and grant money if the loan or grant is approved by the board. (2) The division shall submit a report to the office for inclusion in the annual written report described in Section 63N-1a-306, the number and type of loan or grant awarded and a list of recipients that received a loan or grant award under this part. (3) The division, with board approval, may use fund money for the administration of the fund, not to exceed 2% of the annual receipts to the fund. Renumbered and Amended by Chapter 393, 2026 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title63N/Chapter24/63N-24-S606.html?v=C63N-24-S606_2026050620260701Fetched: 10/26/2026

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