2011 Utah Code
Title 9 Community and Culture Development
Chapter 4 Housing and Community Development
Section 1603 Annual accounting.

9-4-1603. Annual accounting.
(1) The director 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 director under this part.
(2) An entity receiving a loan or loan guarantee under this part shall provide the director with an annual accounting of how the money it received from the fund was spent.
(3) The director shall submit an annual report to the Workforce Services and Community and Economic Development Interim Committee before December 1 of each year:
(a) accounting for expenditures made from the fund; and
(b) evaluating the effectiveness of the loan and loan guarantee program.