Title 63N, Title 63N: Economic Opportunity Act

63N-4-105. Program manager. (1) The executive director may appoint a director for the Center for Rural Development with the approval of the governor. (2) The director of the Center for Rural Development shall be a person knowledgeable in the field of rural economic development an…

63N-4-106. Annual report. The office shall include in the annual written report described in Section, a report of the program's operations and recommendations.

63N-4-301. Title. This part is known as the "Utah Rural Jobs Act."

63N-4-302. Definitions. As used in this part: (1) "Affiliate" means a person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with another person. For the purposes of this part, a person controls another perso…

63N-4-303. Application, approval, and allocations. (1) A person seeking approval as a rural investment company shall submit an application to the office. For the investment authority described in Subsection, the office shall begin accepting applications on November 1, 2017. (6)(a…

63N-4-304. Tax credit. (1) On the closing date, a claimant whose affidavit was included in an approved application submitted under Sectionshall earn a vested tax credit equal to the amount of the claimant's credit-eligible capital contribution to the rural investment company. 63N…

63N-4-305. Revocation of tax credit certificates and exit. (1) Except as provided in Subsection, the office shall revoke a tax credit certificate issued under Sectionif the rural investment company in which the credit-eligible capital contribution was made does any of the followi…

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 s…

63N-4-307. Reporting obligations -- Authorization to disclose tax information -- Credit for new annual jobs. (1) A rural investment company shall submit an annual report to the office on or before the last day of February for each preceding calendar year until the rural investmen…

63N-4-308. Annual fee. (1) The office shall calculate an annual fee to be paid by each rural investment company by dividing $50,000 by the number of rural investment companies approved under this part and notify each rural investment company of the amount of the annual fee. (2) T…

63N-4-309. Exit. (1) On or after the seventh anniversary of the closing date, and on or before the twelfth anniversary of the closing date, each rural investment company shall apply to the office to exit the program and no longer be subject to this part. A rural investment compan…

63N-4-401. Title. This part is known as the "Rural Employment Expansion Program."

63N-4-402. Definitions. As used in this part: (1) "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. "Business entity" does not include a bus…

63N-4-403. Creation of Rural Employment Expansion Grant Program -- Duties of the office. (1) There is created the Rural Employment Expansion Grant Program administered by the office. (2) The office shall: review a business entity's application for a grant in the order in which th…

63N-4-404. Grant application process. (1) For a fiscal year beginning on or after July 1, 2018, a business entity seeking to receive a grant shall provide the office with an application in a form approved by the office that includes: a certification, by an officer of the business…

63N-4-501. Title. This part is known as the "Rural Coworking and Innovation Center Grant Program."

63N-4-502. Definitions. As used in this part: (1) "Coworking and innovation center" means a facility designed to provide individuals with the infrastructure and equipment to participate in the online workforce. (2) "Entity" means a county, city, nonprofit organization, or institu…

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…

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:…

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) "Association of governments" means an association of political subdivisions of the state, established pursuant to an interlocal …

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) In overseeing the progr…

63N-4-803. County Economic Opportunity Advisory Board. (1) Each rural county that seeks to obtain a grant from the office under Subsection, shall create a CEO board composed of at least the following members appointed by the county legislative body: 63N-4-802(4)(a) a county repre…

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 count…

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: money appropriated by the Legislature; donati…