Section 804 – Rural Opportunity Advisory Committee.
Effective 7/1/2022 63N-4-804. Rural Opportunity Advisory Committee. (1) There is created within the office the Rural Opportunity Advisory Committee. (2) The advisory committee shall be composed of seven members appointed by the executive director, at least five of whom shall reside in a rural county. (3) The advisory committee shall advise and make recommendations to […]
Section 805 – Rural Opportunity Fund.
Affected by 63I-1-263 on 7/1/2023 Effective 7/1/2022 63N-4-805. Rural Opportunity Fund. (1) There is created an enterprise fund known as the “Rural Opportunity Fund”. (2) The fund shall be administered by the office for the purposes described in Subsection (5). (3) The fund consists of: (a) money appropriated by the Legislature; (b) donations or grants […]
Section 503 – Creation and purpose of the Rural Coworking and Innovation Center Grant Program.
Effective 5/14/2019 63N-4-503. Creation and purpose of the Rural Coworking and Innovation Center Grant Program. (1) There is created the Rural Coworking and Innovation Center Grant Program administered by the office. (2) The office may seek to accomplish the following objectives in administering the grant program: (a) constructing or renovating a facility in one or […]
Section 504 – Requirements for awarding a working hubs grant.
Effective 5/14/2019 63N-4-504. Requirements for awarding a working hubs grant. (1) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the office shall make rules establishing the eligibility and reporting criteria for an entity to receive a grant under this part, including: (a) the form and process of submitting an application to the […]
Section 505 – Rural Online Working Hubs Grant Advisory Committee — Membership — Duties — Expenses.
Effective 5/14/2019 63N-4-505. Rural Online Working Hubs Grant Advisory Committee — Membership — Duties — Expenses. (1) There is created in the office the Rural Online Working Hubs Grant Advisory Committee, composed of the following seven members: (a) the executive director, or the executive director’s designee; (b) a member of the Senate, or a member […]
Section 801 – Definitions.
Effective 7/1/2022 63N-4-801. Definitions. As used in this part: (1) “Advisory committee” means the Rural Opportunity Advisory Committee created in Section 63N-4-804. (2) (a) “Business entity” means a sole proprietorship, partnership, association, joint venture, corporation, firm, trust, foundation, or other organization or entity used in carrying on a business. (b) “Business entity” does not include […]
Section 802 – Creation of Rural Opportunity Program — Awarding of grants and loans — Rulemaking — Reporting.
Effective 7/1/2022 63N-4-802. Creation of Rural Opportunity Program — Awarding of grants and loans — Rulemaking — Reporting. (1) There is created the Rural Opportunity Program. (2) The program shall be overseen by the advisory committee and administered by the office. (3) (a) In overseeing the program, the advisory committee shall make recommendations to the […]
Section 803 – County Economic Opportunity Advisory Board.
Effective 7/1/2022 63N-4-803. County Economic Opportunity Advisory Board. (1) (a) Each rural county that seeks to obtain a grant from the office under Subsection 63N-4-802(4)(a), shall create a CEO board composed of at least the following members appointed by the county legislative body: (i) a county representative; (ii) a representative of a municipality in the […]
Section 305 – Revocation of tax credit certificates and exit.
Effective 5/4/2022 63N-4-305. Revocation of tax credit certificates and exit. (1) Except as provided in Subsection (2), the office shall revoke a tax credit certificate issued under Section 63N-4-304 if the rural investment company in which the credit-eligible capital contribution was made does any of the following before the rural investment company exits the program […]
Section 306 – Request for determination.
Effective 5/9/2017 63N-4-306. Request for determination. (1) A rural investment company, before making a growth investment, may request from the office a written opinion as to whether the business in which a rural investment company proposes to invest is an eligible small business. (2) The office shall notify the rural investment company of the office’s […]