9-10-107 - Division to distribute money -- Annual report -- Administration costs.
9-10-107. Division to distribute money -- Annual report -- Administration costs.
(1) The division shall distribute loan and grant money if the loan or grant is approved bythe board.
(2) The division shall make an annual report concerning the number and type of loansand grants made as well as a list of recipients of this assistance to:
(a) the Native American Legislative Liaison Committee, created in Section 36-22-1; and
(b) the governor.
(3) The division, with board approval, may use fund money for the administration of thefund, but this amount may not exceed 2% of the annual receipts to the fund.
Amended by Chapter 35, 1997 General Session
Amended by Chapter 135, 1997 General Session