63N-3-103. Industrial Assistance Account created — Uses — Administrator duties — Costs.
| (1) |
There is created a restricted account within the General Fund known as the “Industrial Assistance Account”. |
Terms Used In Utah Code 63N-3-103
- Administrator: means the executive director or the executive director's designee. See Utah Code 63N-3-102
- Restricted Account: means the restricted account known as the Industrial Assistance Account created in Section 63N-3-103. See Utah Code 63N-3-102
| (2) |
The administrator shall administer the restricted account. |
| (3) |
The administrator may hire appropriate support staff to perform the duties required under this section. |
| (4) |
The cost of administering the restricted account shall be paid from money in the restricted account. |
| (5) |
Interest accrued from investment of money in the restricted account shall remain in the restricted account. |
| (6) |
The office shall review the activities and progress of grant recipients under this chapter on a regular basis and, as part of the office’s annual written report described in Section 63N-1a-306, report on the economic impact of activities funded by each grant. |
Amended by Chapter 282, 2021 General Session
