There is a newer version of the Utah Code
2016 Utah Code
Title 35A - Utah Workforce Services Code
Chapter 8 - Housing and Community Development Division
Part 12 - State Small Business Credit Initiative Program Fund
Section 1203 - Annual accounting.
UT Code § 35A-8-1203 (2016) What's This?
Effective 5/13/2014 35A-8-1203. 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 provide the following information to the department for inclusion in the department's annual written report described in Section 35A-1-109:
- (a) an accounting of expenditures made from the fund; and
- (b) an evaluation of the effectiveness of the loan and loan guarantee program.
Amended by Chapter 371, 2014 General Session
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