UTA LEG Rural Development Program

On Feb. 29, UTA LEG passed bill amending rural opportunity program.

  • UTA LEG passed bill SB 162 to make amendments to the Rural development act.
  • Amends UTA LEG 63N-4-801 and UTA LEG 63N-4-802 Rural opportunity program.
  • Bill Provisions
  • Defines rural health care as a special service, authorizes the Governor's Office of Economic Opportunity to award a grant or loan to a rural health care special district.
  • Removes the annual cap on grant awards to a rural community or business entity.
  • Modifies interest rate on a loan issued by Governor's Office of Economic Opportunity.
  • Legislative History
  • On Jan. 30, 2024, bill was introduced in Senate; on Feb. 8, 2024, bill passed Senate.
  • On Feb. 8, 2024, bill was introduced in House; on Feb. 29, 2024, bill passed House.
  • On Feb. 29, 2024, bill was sent for enrolling; pending governor review and approval.
  • Effectiveness
  • Bill provisions take effect on May 1, 2024.
  • Mar. 2024 UTA LEG Governor Approval
  • On Mar. 21, 2024, UTA LEG governor approved bill SB 162, effective on May 1, 2024.

Regulators UTA LEG
Entity Types CNSM; Corp
Reference Bill, 3/21/2024; Bill SB0162, 2/29/2024; Citation: *UTA LEG* 63N-4-801, 63N-4-802;
Functions Compliance; Financial; Legal
Countries United States of America
Products Loan
Regions Am
Rule Type Final
Rule Date 2/29/2024
Effective Date 5/1/2024
Rule Id 202937
Linked to N/A
Reg. Last Update 3/21/2024
Report Section US Consumer

Last substantive update on 03/24/2024