Title 63N, Title 63N: Economic Opportunity Act

63N-24-405. Allotment accounts. (1) There are created the following allotment accounts: the Single Family Housing Account, for which eligible issuing authorities are those authorized under the code and state statute to issue qualified mortgage bonds under Section 143 of the code;…

63N-24-406. Certificates of allocation. (1) After an allocation of volume cap for a project or program is approved by the board of review, the board of review shall issue a numbered certificate of allocation stating the amount of the allocation, the allotment account for which th…

63N-24-407. Issuing authorities -- Limitations -- Duties. (1) Notwithstanding any law to the contrary, an issuing authority issuing bonds without a certificate of allocation issued under Section, or an issuing authority issuing bonds after the expiration of a certificate of alloc…

63N-24-408. Procedures -- Adjudicative proceedings. The board of review shall comply with the procedures and requirements of, in the board of review's adjudicative proceedings.

63N-24-409. Duties of the division. (1) The division is recognized as an issuing authority, as defined in Section, entitled to issue bonds from the Small Issue Bond Account created in Subsectionas a part of the state's private activity bond volume cap authorized by the Internal R…

63N-24-501. Legislative policy. (1) Funds received by the state from federal mineral lease revenues under Section, bonus payments on federal oil shale lease tracts U-A and U-B, and all other bonus payments on federal mineral leases are to be used for planning, construction and ma…

63N-24-502. Definitions. As used in this part: (1) "Bonus payments" means that portion of the bonus payments received by the United States government under the Leasing Act paid to the state under Section 35 of the Leasing Act, 30 U.S.C. Sec. 191, together with any interest that h…

63N-24-503. Permanent Community Impact Fund -- Deposits and contents -- Use of fund money. (1) There is created an enterprise fund entitled the "Permanent Community Impact Fund." (2) The fund consists of: all amounts appropriated to the impact fund under Section; 59-21-2 bonus pa…

63N-24-504. Permanent Community Impact Fund Board. (1) There is created within the division the Permanent Community Impact Fund Board composed of 11 members as follows: the state treasurer or the state treasurer's designee; the chair of the Transportation Commission or the chair'…

63N-24-505. Powers, functions, and duties of the impact board. (1) The impact board shall: award grants and loans from the amounts appropriated by the Legislature out of the impact fund to state agencies, subdivisions, and interlocal agencies that are or may be socially or econom…

63N-24-506. Impact fund administered by impact board -- Eligibility for assistance -- Review by board -- Administration costs -- Annual report. (1) The impact board shall: administer the impact fund in a manner that will keep a portion of the impact fund revolving; determine prov…

63N-24-507. Throughput Infrastructure Fund. (1) There is created an enterprise fund known as the "Throughput Infrastructure Fund." (2) The fund consists of money generated from the following revenue sources: amounts transferred to the fund by statute; voluntary contributions rece…

63N-24-508. Throughput Infrastructure Fund administered by impact board -- Uses -- Review by board -- Annual report -- First project. (1) The impact board shall: make grants and loans from the Throughput Infrastructure Fund created in Sectionfor a throughput infrastructure projec…

63N-24-509. Application -- Retroactivity. (1) The provisions of, apply to any claim for which a court of competent jurisdiction has not issued a final unappealable judgment or order. (2) The Legislature finds that the provisions of: do not enlarge, eliminate, or destroy vested ri…

63N-24-601. Definitions. As used in this part: (1) "Board" means the Uintah Basin Revitalization Fund Board. (2) "Capital projects" means expenditures for land, improvements on the land, and equipment intended to have long-term beneficial use. (3) "County" means: Duchesne County;…

63N-24-602. Uintah Basin Revitalization Fund. (1) In order to maximize the long-term benefit of severance taxes derived from lands held in trust by the United States for the Tribe and the Tribe's members by fostering funding mechanisms that will, consistent with sound financial p…

63N-24-603. Uintah Basin Revitalization Fund Board. (1) There is created within the division the Revitalization Board composed of five members as follows: the governor or his designee; a Uintah County commissioner; a Duchesne County commissioner; and two representatives of the Bu…

63N-24-604. Powers, functions, and duties of the revitalization fund board. (1) The board shall: subject to the other provisions of this part and an agreement entered into under, among the state, the counties, and the Tribe, make recommendations to the division for grants and loa…

63N-24-605. Eligibility for assistance -- Applications -- Review by board -- Terms -- Security. (1) To receive a loan or grant under this part, a county or the Tribe shall submit an application to the board that contains the information required by the board. (2) The board may no…

63N-24-606. Division to distribute money -- Annual report -- Administration costs. (1) The division shall distribute loan and grant money if the loan or grant is approved by the board. (2) The division shall submit a report to the office for inclusion in the annual written report…

63N-24-701. Definitions. As used in this part: (1) "Board" means the Navajo Revitalization Fund Board. (2) "Capital project" means an expenditure for land, improvements on the land, or equipment intended to have long-term beneficial use. (3) "Division" means the Division of Housi…

63N-24-702. Purpose. The purpose of this part is to: (1) maximize the long-term benefit of state severance taxes derived from lands in Utah held in trust by the United States for the Navajo Nation and the Navajo Nation members by fostering funding mechanisms that will, consistent…

63N-24-703. Navajo Revitalization Fund. (1) There is created an expendable special revenue fund called the "Navajo Revitalization Fund." The revitalization fund shall consist of: money deposited to the revitalization fund under this part; money deposited to the revitalization fun…

63N-24-704. Navajo Revitalization Fund Board. (1) There is created within the division the Navajo Revitalization Fund Board composed of five members as follows: the governor or the governor's designee; the two members of the San Juan County commission whose districts include port…

63N-24-705. Powers, functions, and duties of the revitalization fund board. (1) The board shall: direct the division regarding grants and loans from the revitalization fund to eligible entities to serve persons that are or may be socially or economically impacted, directly or ind…

63N-24-706. Revitalization fund administered by board -- Eligibility for assistance -- Review by board -- Restrictions on loans and grants -- Division to distribute money -- Annual report. (1) To receive a loan or grant under this part, an eligible entity shall submit an applicat…

63N-24-801. Definitions. As used in this part: (1) "COVID-19" means: severe acute respiratory syndrome coronavirus 2; or the disease caused by severe acute respiratory syndrome coronavirus 2. (2) "COVID-19 emergency" means the spread of COVID-19 that the World Health Organization…

63N-24-802. COVID-19 Homeless Housing and Services Grant Program. (1) There is established the COVID-19 Homeless Housing and Services Grant Program, a competitive grant program administered by the office and funded in accordance with 42 U.S.C. Sec. 802. (2) The office shall distr…

63N-24-901. State funds or state-administered federal funds reporting requirements. (1) As used in this section: "Affordable housing project" means housing that is constructed, developed, or rehabilitated for occupancy by low and moderate income individuals whose incomes are at o…