Utah Code Title 35A. Utah Workforce Services Code § 35A-8-1707. Revitalization fund administered by board--Eligibility for assistance--Review by board--Restrictions on loans and grants--Division to distribute money

(1)(a) If an eligible entity wishes to receive a loan or grant from the board, the eligible entity shall file an application with the board that contains the information required by the board.

(b) The board shall review an application for a loan or grant filed under Subsection (1)(a) before approving the loan or grant.

(c) The board may approve a loan or grant application subject to the applicant's compliance with the one or more conditions established by the board.

(a) a capital project or infrastructure, including:

(b) a housing project that consists of:

(c) a matching educational endowment that:

(a) a start-up or operational cost of a private business venture;

(b) a general operating budget of an eligible entity; or

(c) a project that will operate or be located outside of the Navajo Reservation in San Juan County, Utah, except for an educational endowment approved by the board under Subsection (2)(c).

(4)(a) The board may not approve a loan unless the loan:

(b) The division shall deposit a loan repayment or interest on a loan issued under this part into the revitalization fund.

(a) the Navajo Nation;

(b) San Juan County;

(c) the state;

(d) the federal government;

(e) a Utah Navajo Chapter; or

(f) other private or public organization.

(a) if the loan or grant is approved by the board;

(b) in accordance with the instructions of the board, except that the board may not instruct that money be distributed in a manner:

(c) in the case of a loan, in accordance with Section 63A-3-205.