2012 Utah Code
Title 35A - Utah Workforce Services Code
Article 8 - Housing and Community Development Division
Section 1203 - 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 written report to the Economic Development and Workforce Services Interim Committee before November 1:
(a) accounting for expenditures made from the fund; and
(b) evaluating the effectiveness of the loan and loan guarantee program.
Renumbered and Amended by Chapter 212, 2012 General Session
Amended by Chapter 246, 2012 General Session
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