Utah Code Title 53. Public Safety Code § 53-2a-607. Creation and administration

(1)(a) There is created an enterprise fund known as the Local Government Emergency Response Loan Fund.

(b) The division as defined in Section 53-2a-103 is the administrator of the fund.

(a) money appropriated to the fund by the Legislature;

(b) money received for the repayment of loans made from the fund;

(c) interest earned on the fund; and

(d) money deposited into the fund in accordance with Section 63J-1-314.

(a) agrees to the terms of the loan; and

(b) is not in default on any other state loans administered by the Division of Finance or any other state agency.

(a) more than 50% of the total account balance available at the time that a loan request is made by a local government entity; or

(b) an amount that will leave the fund balance at less than $10,000,000.