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2014 Utah Code
Title 4 - Utah Agricultural Code
Chapter 19 - Rural Rehabilitation
Section 2 - Department authorized to approve and make grants and loans, acquire property, or lease or operate property.
Universal Citation:
4-19-2. Department authorized to approve and make grants and loans, acquire property, or lease or operate property.
UT Code ยง 4-19-2 (2014)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
The department, in conjunction with the administration of the rural rehabilitation program, may:
| (1) | approve and make a loan to a farm or agricultural cooperative association regulated under Title 3, Uniform Agricultural Cooperative Association Act, subject to Section 4-19-3, including:
|
| (2) | purchase or otherwise obtain property in which the department has acquired an interest on account of a mortgage, trust deed, lien, pledge, assignment, judgment, or other means at any execution or foreclosure sale; |
| (3) | operate or lease, if necessary to protect its investment, property in which it has an interest or sell or otherwise dispose of the property; and |
| (4) | approve and make an education loan or an education grant to an individual for the purpose of attending a vocational school, college, or university to obtain additional education, qualifications, or skills. |
Amended by Chapter 324, 2010 General Session
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