Section 106 – Annual report.
Effective 7/1/2021 63N-4-106. Annual report. The office shall include in the annual written report described in Section 63N-1a-306, a report of the program’s operations and recommendations. Amended by Chapter 282, 2021 General Session
Section 303 – Application, approval, and allocations.
Effective 5/4/2022 63N-4-303. Application, approval, and allocations. (1) (a) A person seeking approval as a rural investment company shall submit an application to the office. (b) (i) For the investment authority described in Subsection (6)(a)(i), the office shall begin accepting applications on November 1, 2017. (ii) For the investment authority described in Subsection (6)(a)(ii), the […]
Section 304 – Tax credit.
Effective 5/9/2017 63N-4-304. Tax credit. (1) On the closing date, a claimant whose affidavit was included in an approved application submitted under Section 63N-4-303 shall earn a vested tax credit equal to the amount of the claimant’s credit-eligible capital contribution to the rural investment company. (2) In each of the taxable years that includes the […]