Utah Code Title 63N. Economic Opportunity Act § 63N-21-203. Board duties and powers

(a) manage and conduct the business and affairs of the innovation lab and determine all questions of innovation lab policy;

(b) consistent with this chapter, establish policies, procedures, and strategies for the administration of the Utah innovation fund, including eligibility criteria, application requirements, performance metrics, and reporting requirements for a qualified business to receive a qualified investment from the Utah innovation fund; and

(c) approve any decision of the Utah innovation fund to make a qualified investment.