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Current as of January 01, 2025 | Updated by Findlaw Staff
The administrator shall enter into agreements with each successful applicant that have specific terms and conditions for each loan, grant, or financial assistance under this part, including:
(1) for a loan:
(a) repayment schedules;
(b) interest rates;
(c) specific economic activity required to qualify for the loan or for repayment credits;
(d) collateral or security, if any; and
(e) other terms and conditions considered appropriate by the administrator; and
(2) for a grant or other financial assistance:
(a) requirements for compliance monitoring;
(b) repayment for nonperformance or departure from the state;
(c) collateral or security, if any; and
(d) other terms and conditions considered appropriate by the administrator.
Cite this article: FindLaw.com - Utah Code Title 63N. Economic Opportunity Act § 63N-3-107. Agreements - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63n-economic-opportunity-act/ut-code-sect-63n-3-107/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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