63A-3-205. Revolving loan funds — Standards and procedures.
| (1) |
As used in this section, “revolving loan fund” means:
| (a) |
the Water Resources Conservation and Development Fund, created in Section 73-10-24; |
| (b) |
the Water Resources Construction Fund, created in Section 73-10-8; |
| (c) |
the Water Resources Cities Water Loan Fund, created in Section 73-10-22; |
| (d) |
the Clean Fuel Conversion Funds, created in 4; |
| (e) |
the Water Development Security Fund and its subaccounts, created in Section 73-10c-5; |
| (f) |
the Agriculture Resource Development Fund, created in Section 4-18-106; |
| (g) |
the Utah Rural Rehabilitation Fund, created in Section 4-19-105; |
| (h) |
the Permanent Community Impact Fund, created in Section 35A-8-303; |
| (i) |
the Petroleum Storage Tank Fund, created in Section 19-6-409; |
| (j) |
the Uintah Basin Revitalization Fund, created in Section 35A-8-1602; |
| (k) |
the Navajo Revitalization Fund, created in Section 35A-8-1704; and |
| (l) |
the Energy Efficiency Fund, created in Section 11-45-201. |
|
| (2) |
The division shall for each revolving loan fund make rules establishing standards and procedures governing:
| (a) |
payment schedules and due dates; |
| (b) |
interest rate effective dates; |
| (c) |
loan documentation requirements; and |
| (d) |
interest rate calculation requirements. |
|
Amended by Chapter 100, 2022 General Session
Amended by Chapter 451, 2022 General Session
