2011 Utah Code
Title 63M Governor's Programs
Chapter 1 Governor's Office of Economic Development
Section 903 Industrial Assistance Account created.

63M-1-903. Industrial Assistance Account created.
(1) There is created a restricted account within the General Fund known as the "Industrial Assistance Account" of which:
(a) up to 50% shall be used in economically disadvantaged rural areas; and
(b) up to 25% may be used to take timely advantage of economic opportunities as they arise.
(2) The restricted account shall be administered by the administrator under the policy direction of the board.
(3) The administrator may hire appropriate support staff.
(4) The cost of administering the restricted account shall be paid from money in the restricted account.
(5) Interest accrued from investment of money in the restricted account shall remain in the restricted account.