reglab/housing_qa huggingface dataset:
UT Code § 63N-4-504 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 4 - Rural Development Act|Part 5 - Rural Coworking and Innovation Center Grant Program|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 office for a grant;     (b) which entities are eligible to apply for a grant;     (c) the method and formula for determining grant amounts; and     (d) the reporting requirements of grant recipients.       (2) In determining the award of a grant, the office may prioritize projects:   (a) that will serve underprivileged or underserved communities, including communities with high unemployment or low median incomes;     (b) where an applicant demonstrates comprehensive planning of the project but has limited access to financial resources, including financial resources from local or county government; and     (c) that maximize economic development opportunities in collaboration with the economic development needs or plans of an educational institution, a county, and a municipality.       (3) Subject to legislative appropriation, a grant may only be awarded by the executive director after consultation with the advisory committee.     (4) A grant may only be awarded under this part:   (a) if the grant recipient agrees to provide any combination of funds, land, buildings, or in-kind work in an amount equal to at least 25% of the grant;     (b) if the grant recipient agrees not to use grant money for the ongoing operation or maintenance of a coworking and innovation center; and     (c) in an amount no more than $500,000 to a grant applicant.      Enacted by Chapter 467, 2019 General Session
UT Code § 63N-4-601 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 4 - Rural Development Act|Part 6 - Rural Rapid Manufacturing Grant Program|Section 601 - Title.

 Effective 5/14/2019  63N-4-601. Title.  This part is known as the "Rural Rapid Manufacturing Grant Program." Enacted by Chapter 503, 2019 General Session  Technically renumbered to avoid duplication of section number used in HB 296, Chapter 467.
UT Code § 63N-4-602 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 4 - Rural Development Act|Part 6 - Rural Rapid Manufacturing Grant Program|Section 602 - Definitions.

 Effective 5/14/2019  63N-4-602. Definitions.  As used in this part:  (1) "Entity" means an institution of higher education or nonprofit company.     (2) "Grant" means a grant awarded as part of the Rural Rapid Manufacturing Grant Program created in Section 63N-4-603.     (3) "Grant program" means the Rural Rapid Manufacturing Grant Program created in Section 63N-4-603.     (4) "Rapid manufacturing" means a facility, laboratory, equipment, or process engaged in small-batch, fast-delivery manufacturing.     (5) "Rural area" means any area in any county in the state except Salt Lake, Utah, Davis, Weber, Washington, Cache, Tooele, and Summit counties.    Enacted by Chapter 503, 2019 General Session  Technically renumbered to avoid duplication of section number used in HB 296, Chapter 467.
UT Code § 63N-4-603 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 4 - Rural Development Act|Part 6 - Rural Rapid Manufacturing Grant Program|Section 603 - Creation and purpose of the Rural Rapid Manufacturing Grant Program.

 Effective 5/14/2019  63N-4-603. Creation and purpose of the Rural Rapid Manufacturing Grant Program.    (1) There is created the Rural Rapid Manufacturing Grant Program administered by the office.     (2) The office may seek to accomplish the following objectives in administering the grant program:   (a) provide funding for the construction or renovation of a rapid manufacturing clothing production laboratory, engineering and computer graphics laboratory, manufacturing systems laboratory, or textile science laboratory designed to train students and employees;     (b) provide funding for the building and improvement of equipment to provide opportunities for students and employees to train and participate in rapid manufacturing; and     (c) provide training and scholarships for students and employees to participate in rapid manufacturing employment opportunities.      Enacted by Chapter 503, 2019 General Session  Technically renumbered to avoid duplication of section number used in HB 296, Chapter 467.
UT Code § 63N-4-604 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 4 - Rural Development Act|Part 6 - Rural Rapid Manufacturing Grant Program|Section 604 - Requirements for awarding a grant.

 Effective 5/14/2019  63N-4-604. Requirements for awarding a 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 office for a grant;     (b) which entities are eligible to apply for a grant;     (c) the method and formula for determining grant amounts; and     (d) the reporting requirements of grant recipients.       (2) In determining the award of a grant, the office may prioritize projects:   (a) that will serve underprivileged or underserved communities, including communities with high unemployment or low median incomes;     (b) where an applicant demonstrates comprehensive planning of the project and the cooperation of high quality partners, including an institution of higher education; and     (c) that will create new high paying employment positions in rural areas that pay at least 125% of the average wage of the community in which the employment positions will exist.       (3) Subject to legislative appropriation, a grant may only be awarded by the executive director for a project in a rural area of the state.    Enacted by Chapter 503, 2019 General Session  Technically renumbered to avoid duplication of section number used in HB 296, Chapter 467.
UT Code § 63N-4-701 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 4 - Rural Development Act|Part 7 - Rural Speculative Industrial Building Program|Section 701 - Title.

 Effective 7/1/2020  63N-4-701. Title.  This part is known as the "Rural Speculative Industrial Building Program." Enacted by Chapter 360, 2020 General Session
UT Code § 63N-4-702 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 4 - Rural Development Act|Part 7 - Rural Speculative Industrial Building Program|Section 702 - Definitions.

 Effective 7/1/2020  63N-4-702. Definitions.  As used in this part:  (1) "Entity" means a county, city, or private company.     (2) "Lease" means a legal contract entered into by the office and a lessor of a rural speculative industrial building before the construction of a rural speculative industrial building.     (3) "Program" means the Rural Speculative Industrial Building Program created in Section 63N-4-703.     (4) "Rural speculative industrial building" means an industrial facility that is constructed with the support of the program in a rural area and that does not have a private entity tenant at the time construction begins.     (5) "Rural area" means any area in a county of the state, except for an area in Salt Lake, Utah, Davis, Weber, Washington, Cache, Tooele, or Summit counties.    Enacted by Chapter 360, 2020 General Session
UT Code § 63N-4-703 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 4 - Rural Development Act|Part 7 - Rural Speculative Industrial Building Program|Section 703 - Creation and purpose of the Rural Speculative Industrial Building Program.

 Effective 7/1/2020  63N-4-703. Creation and purpose of the Rural Speculative Industrial Building Program.    (1) There is created the Rural Speculative Industrial Building Program administered by the office.     (2) In administering the program, the office shall encourage the construction of rural speculative industrial buildings by private developers in one or more rural areas to attract new or expanding businesses into rural areas.    Enacted by Chapter 360, 2020 General Session
UT Code § 63N-4-704 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 4 - Rural Development Act|Part 7 - Rural Speculative Industrial Building Program|Section 704 - Requirements for entering into a lease.

 Effective 7/1/2021  63N-4-704. Requirements for entering into a lease.    (1) In accordance with the provisions of this part and in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the office shall make rules establishing the eligibility and reporting criteria for an applicant to participate in the program as a lessor of a rural speculative industrial building, including:   (a) the form and process of submitting an application to the office;     (b) the eligibility requirements of an applicant;     (c) the method and formula for determining lease terms between the office and a lessor of a rural speculative industrial building; and     (d) the reporting requirements of participants in the program.       (2) In determining whether to approve an application for participation in the program, the office may prioritize a project:   (a) that will serve underprivileged or underserved communities, including communities with high unemployment or low median incomes;     (b) where an applicant demonstrates comprehensive planning of the project, including a business case;     (c) where the applicant, as determined by the office, is likely to have success in attracting a tenant to assume the office's lease of a rural speculative industrial building in a short amount of time; and     (d) that maximizes economic development opportunities in accordance with the economic development needs or plans of a county or a municipality.       (3) Subject to legislative appropriation, a lease may only be entered into by the office if:   (a) the executive director, after consultation with the GO Utah board, approves entering into the lease;     (b) the local municipal entity supports the program through the provision of local incentives, reduced impact fees, or other monetary support for the rural speculative industrial building; and     (c) the lease terms are not more than $100,000 per year with a maximum five-year lease term.       (4) The office shall include in the annual written report described in Section 63N-1a-306:   (a) an overview of each lease entered into under this program; and     (b) the success of this program in attracting new or expanding businesses into rural areas.      Amended by Chapter 282, 2021 General Session
UT Code § 63N-6-101 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 6 - Utah Venture Capital Enhancement Act|Part 1 - General Provisions|Section 101 - Title.

 Effective 5/12/2015  63N-6-101. Title.  This chapter is known as the "Utah Venture Capital Enhancement Act." Renumbered and Amended by Chapter 283, 2015 General Session
UT Code § 63N-6-102 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 6 - Utah Venture Capital Enhancement Act|Part 1 - General Provisions|Section 102 - Findings -- Purpose.

 Effective 5/12/2015  63N-6-102. Findings -- Purpose.    (1) The Legislature finds that:   (a) fundamental changes have occurred in national and international financial markets and in the state's financial markets;     (b) a critical shortage of seed, venture capital, and private equity resources exists in the state, and that shortage is impairing the growth of commerce in the state;     (c) a need exists to increase the availability of venture capital and private equity for emerging, expanding, and restructuring enterprises in Utah, including enterprises in the life sciences, advanced manufacturing, and information technology;     (d) increased venture and private equity capital investments in emerging, expanding, and restructuring enterprises in Utah will:   (i) create new jobs in the state; and     (ii) help to diversify the state's economic base; and       (e) a well-trained work force is critical for the maintenance and development of Utah's economy.       (2) This part is enacted to:   (a) mobilize private investment in a broad variety of venture capital and private equity partnerships in diversified industries and locales;     (b) retain the private-sector culture of focusing on rate of return in the investing process;     (c) secure the services of the best managers in the venture capital and private equity industries, regardless of location;     (d) facilitate the organization of the Utah fund of funds to seek private investments and to serve as a catalyst in those investments by offering state incentives for private persons to make investments in the Utah fund of funds;     (e) enhance the culture and infrastructure in the state to increase venture capital and private equity investment within the state;     (f) accomplish the purposes referred to in Subsections (2)(a) through (e) in a manner that would maximize the direct economic impact for the state; and     (g) authorize the issuance and use of contingent tax credits to accomplish the purposes referred to in Subsections (2)(a) through (e) while protecting the interests of the state by limiting the manner in which contingent tax credits are issued, registered, transferred, claimed as an offset to the payment of state income tax, and redeemed.      Renumbered and Amended by Chapter 283, 2015 General SessionAmended by Chapter 420, 2015 General Session
UT Code § 63N-6-103 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 6 - Utah Venture Capital Enhancement Act|Part 1 - General Provisions|Section 103 - Definitions.

 Effective 5/5/2021  63N-6-103. Definitions.  As used in this part:  (1) "Board" means the Utah Capital Investment Board.     (2) "Certificate" means a contract between the board and a designated investor under which a contingent tax credit is available and issued to the designated investor.     (3)   (a) Except as provided in Subsection (3)(b), "claimant" means a resident or nonresident person.     (b) "Claimant" does not include an estate or trust.       (4) "Commitment" means a written commitment by a designated purchaser to purchase from the board certificates presented to the board for redemption by a designated investor. Each commitment shall state the dollar amount of contingent tax credits that the designated purchaser has committed to purchase from the board.     (5) "Contingent tax credit" means a contingent tax credit issued under this part that is available against tax liabilities imposed by Title 59, Chapter 7, Corporate Franchise and Income Taxes, or Title 59, Chapter 10, Individual Income Tax Act, if there are insufficient funds in the redemption reserve and the board has not exercised other options for redemption under Subsection 63N-6-408(3)(b).     (6) "Corporation" means the Utah Capital Investment Corporation created under Section 63N-6-301.     (7) "Designated investor" means:   (a) a person who makes a private investment; or     (b) a transferee of a certificate or contingent tax credit.       (8) "Designated purchaser" means:   (a) a person who enters into a written undertaking with the board to purchase a commitment; or     (b) a transferee who assumes the obligations to make the purchase described in the commitment.       (9) "Estate" means a nonresident estate or a resident estate.     (10) "Person" means an individual, partnership, limited liability company, corporation, association, organization, business trust, estate, trust, or any other legal or commercial entity.     (11) "Private investment" means:   (a) an equity interest in the Utah fund of funds; or     (b) a loan to the Utah fund of funds initiated before July 1, 2014, including a loan that was originated before July 1, 2014, and that is refinanced one or more times on or after July 1, 2014.       (12) "Redemption reserve" means the reserve established by the corporation to:   (a) facilitate the cash redemption of certificates; and     (b) provide money for the state as directed by statute.       (13) "Restricted account" means the Utah Capital Investment Restricted Account created in Section 63N-6-204.     (14) "Taxpayer" means a taxpayer:   (a) of an investor; and     (b) if that taxpayer is a:   (i) claimant;     (ii) estate; or     (iii) trust.         (15) "Trust" means a nonresident trust or a resident trust.     (16) "Utah fund of funds" means a limited partnership or limited liability company established under Section 63N-6-401 in which a designated investor purchases an equity interest.    Amended by Chapter 438, 2021 General Session
UT Code § 63N-6-201 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 6 - Utah Venture Capital Enhancement Act|Part 2 - Utah Capital Investment Board and Restricted Account|Section 201 - Utah Capital Investment Board.

 Effective 5/12/2015  63N-6-201. Utah Capital Investment Board.    (1) There is created within the office the Utah Capital Investment Board to exercise the powers conferred by this part.     (2) The purpose of the board is to mobilize venture equity capital for investment in a manner that will result in a significant potential to create jobs and to diversify and stabilize the economy of the state.     (3) In the exercise of its powers and duties, the board is considered to be performing an essential public purpose.    Renumbered and Amended by Chapter 283, 2015 General Session
UT Code § 63N-6-202 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 6 - Utah Venture Capital Enhancement Act|Part 2 - Utah Capital Investment Board and Restricted Account|Section 202 - Board members -- Meetings -- Expenses.

 Effective 5/14/2019  63N-6-202. Board members -- Meetings -- Expenses.    (1)   (a) The board shall consist of the following five members:   (i) the state treasurer;     (ii) the executive director or the executive director's designee; and     (iii) three members appointed by the governor and confirmed by the Senate.       (b) The three members appointed by the governor shall serve four-year staggered terms with the initial terms of the first three members to be four years for one member, three years for one member, and two years for one member.     (c) The governor shall appoint members of the board based on demonstrated expertise and competence in:   (i) the supervision of investment managers;     (ii) the fiduciary management of investment funds; or     (iii) the management and administration of tax credit allocation programs.         (2) When a vacancy occurs in the membership of the board for any reason, the vacancy shall be:   (a) filled in the same manner as the appointment of the original member; and     (b) for the unexpired term of the board member being replaced.       (3) Appointed members of the board may not serve more than two full consecutive terms except when the governor determines that an additional term is in the best interest of the state.     (4)   (a) Four members of the board constitute a quorum for conducting business and exercising board power.     (b) If a quorum is present, the action of a majority of members present is the action of the board.       (5) A member may not receive compensation or benefits for the member's service, but may receive per diem and travel expenses in accordance with:   (a) Section 63A-3-106;     (b) Section 63A-3-107; and     (c) rules made by the Division of Finance under Sections 63A-3-106 and 63A-3-107.       (6) The board and its members are considered to be a governmental entity with all of the rights, privileges, and immunities of a governmental entity of the state, including all of the rights and benefits conferred under Title 63G, Chapter 7, Governmental Immunity Act of Utah.     (7) Meetings of the board, except to the extent necessary to protect the information identified in Subsection 63N-6-412(3), are subject to Title 52, Chapter 4, Open and Public Meetings Act.    Amended by Chapter 136, 2019 General Session
UT Code § 63N-6-204 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 6 - Utah Venture Capital Enhancement Act|Part 2 - Utah Capital Investment Board and Restricted Account|Section 204 - Utah Capital Investment Restricted Account.

 Effective 5/5/2021  63N-6-204. Utah Capital Investment Restricted Account.    (1) There is created a restricted account within the General Fund known as the Utah Capital Investment Restricted Account.     (2) The restricted account shall be funded by:   (a) redemption reserve money and other money from the corporation as directed by statute; and     (b) appropriations made to the account by the Legislature.       (3) The state treasurer shall:   (a) invest money in the restricted account in accordance with Title 51, Chapter 7, State Money Management Act; and     (b) deposit interest or other earnings derived from investment of restricted account money into the restricted account.       (4) Subject to appropriations by the Legislature, the restricted account shall be administered by the Governor's Office of Economic Opportunity for economic development, infrastructure, state parks, recreation, education innovation, or other purposes as directed by the Legislature.     (5) An appropriation from the restricted account is nonlapsing.    Enacted by Chapter 438, 2021 General Session
UT Code § 63N-6-302 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 6 - Utah Venture Capital Enhancement Act|Part 3 - Utah Capital Investment Corporation|Section 302 - Incorporator -- Appointment committee.

 Effective 5/12/2015  63N-6-302. Incorporator -- Appointment committee.    (1) To facilitate the organization of the corporation, the executive director or the executive director's designee shall serve as the incorporator as provided in Section 16-6a-201.     (2) To assist in the organization of the corporation, the Utah Board of Business and Economic Development shall appoint three individuals to serve on an appointment committee.     (3) The appointment committee shall:   (a) elect the initial board of directors of the corporation;     (b) exercise due care to assure that persons elected to the initial board of directors have the requisite financial experience necessary in order to carry out the duties of the corporation as established in this part, including in areas related to:   (i) venture capital investment;     (ii) investment management; and     (iii) supervision of investment managers and investment funds; and       (c) terminate its existence upon the election of the initial board of directors of the corporation.       (4) The office shall assist the incorporator and the appointment committee in any manner determined necessary and appropriate by the incorporator and appointment committee in order to administer this section.    Renumbered and Amended by Chapter 283, 2015 General Session