Utah Admin. Code R357-47-107 - Funding Distribution and Reporting

(1) The office shall establish a maximum amount for this grant before approving and distributing grant funds.

(2) After GOEO approval of an Economic Assistance Grant application, no more than 90% of grant funds will be disbursed to a business until after:

(a) a contract between the business and the state is executed; and

(b) the business invoices the office for the funds; and

(3) Upon completion of an Economic Assistance Grant project:

(a) the final delivery of funds shall be distributed as reimbursement for dollars spent by the business within the scope of the project; and

(b) the remaining funds will be disbursed following submission and approval of:

(i) an invoice up to the remaining balance of the award amount;

(ii) a final report including:

(A) a description of the completed project;

(B) assurances that all monies paid to the business were used toward completion of the project as outlined in the contract;

(C) how the project's key activities and commitments were accomplished;

(D) the project's success meeting the deliverables and performance measures described in the contract; and

(E) any other information requested by the office.

Notes

Utah Admin. Code R357-47-107

Adopted by Utah State Bulletin Number 2024-19, effective 9/24/2024