1     
GOVERNOR'S OFFICE OF ECONOMIC OPPORTUNITY

2     
AMENDMENTS

3     
2023 GENERAL SESSION

4     
STATE OF UTAH

5     
Chief Sponsor: Ronald M. Winterton

6     
House Sponsor: Jeffrey D. Stenquist

7     

8     LONG TITLE
9     General Description:
10          This bill modifies provisions related to the Governor's Office of Economic Opportunity.
11     Highlighted Provisions:
12          This bill:
13          ▸     defines terms;
14          ▸     requires the Governor's Office of Economic Opportunity (office) to report certain
15     information regarding reinvestment agencies to the Legislature;
16          ▸     expands the nonvoting membership of the Unified Economic Opportunity
17     Commission;
18          ▸     expands the membership of the Unified Economic Opportunity Commission's
19     Women in the Economy Subcommittee;
20          ▸     modifies provisions relating to the office's authorization of economic development
21     tax credits;
22          ▸     modifies provisions relating to the office's award of loans and grants from the
23     Industrial Assistance Account;
24          ▸     repeals limitations on the office's use of funds from the State Small Business Credit
25     Initiative Program Fund for administration;
26          ▸     modifies provisions relating to the office's award of grants under the Economic
27     Assistance Grant Program;
28          ▸     establishes the Redevelopment Matching Grant Program for supporting certain

29     projects related to housing and water conservation;
30          ▸     allows the office to award grants to associations of governments under the office's
31     Rural Opportunity Program;
32          ▸     allows for motion picture incentives that are available only for rural productions to
33     be available for productions occurring in certain second class counties;
34          ▸     renames the Utah Immigration Assistance Center to the Utah Center for
35     Immigration and Integration and modifies the center's duties; and
36          ▸     makes technical and conforming changes.
37     Money Appropriated in this Bill:
38          None
39     Other Special Clauses:
40          None
41     Utah Code Sections Affected:
42     AMENDS:
43          17C-1-603, as last amended by Laws of Utah 2021, Chapter 282
44          63N-1a-201, as last amended by Laws of Utah 2022, Chapter 362
45          63N-1b-402, as renumbered and amended by Laws of Utah 2022, Chapter 362
46          63N-1b-403, as renumbered and amended by Laws of Utah 2022, Chapter 362
47          63N-1b-404, as renumbered and amended by Laws of Utah 2022, Chapter 362
48          63N-2-104.3, as enacted by Laws of Utah 2022, Chapter 200
49          63N-3-102, as last amended by Laws of Utah 2022, Chapter 200
50          63N-3-105, as last amended by Laws of Utah 2022, Chapter 362
51          63N-3-106, as last amended by Laws of Utah 2021, Chapter 282
52          63N-3-107, as renumbered and amended by Laws of Utah 2015, Chapter 283
53          63N-3-111, as last amended by Laws of Utah 2022, Chapter 200
54          63N-3-801, as renumbered and amended by Laws of Utah 2022, Chapter 22
55          63N-3-802, as renumbered and amended by Laws of Utah 2022, Chapter 22

56          63N-3-1002, as enacted by Laws of Utah 2022, Chapter 362
57          63N-4-801, as enacted by Laws of Utah 2022, Chapter 362
58          63N-4-802, as enacted by Laws of Utah 2022, Chapter 362
59          63N-8-102, as last amended by Laws of Utah 2022, Chapter 417
60          63N-8-103, as last amended by Laws of Utah 2022, Chapter 417
61          63N-13-101, as last amended by Laws of Utah 2021, Chapter 282
62          63N-17-202, as last amended by Laws of Utah 2021, Chapters 162, 345 and
63     renumbered and amended by Laws of Utah 2021, Chapter 282
64          63N-18-102, as enacted by Laws of Utah 2021, Chapter 304
65     ENACTS:
66          63N-3-1201, Utah Code Annotated 1953
67          63N-3-1202, Utah Code Annotated 1953
68     RENUMBERS AND AMENDS:
69          63N-18-201, (Renumbered from 63N-18-103, as enacted by Laws of Utah 2021,
70     Chapter 304)
71          63N-18-202, (Renumbered from 63N-18-104, as enacted by Laws of Utah 2021,
72     Chapter 304)
73     REPEALS:
74          63N-3-109, as last amended by Laws of Utah 2022, Chapter 362
75          63N-18-101, as enacted by Laws of Utah 2021, Chapter 304
76     

77     Be it enacted by the Legislature of the state of Utah:
78          Section 1. Section 17C-1-603 is amended to read:
79          17C-1-603. Reporting requirements -- Governor's Office of Economic
80     Opportunity to maintain a database.
81          (1) On or before June 1, 2022, the Governor's Office of Economic Opportunity shall:
82          (a) create a database to track information for each agency located within the state; and

83          (b) make the database publicly accessible from the office's website.
84          (2) (a) The Governor's Office of Economic Opportunity may:
85          (i) contract with a third party to create and maintain the database described in
86     Subsection (1); and
87          (ii) charge a fee for a county, city, or agency to provide information to the database
88     described in Subsection (1).
89          (b) The Governor's Office of Economic Opportunity shall make rules, in accordance
90     with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, to establish a fee schedule for
91     the fee described in Subsection (2)(a)(ii).
92          (3) Beginning in 2022, on or before June 30 of each calendar year, an agency shall, for
93     each active project area for which the project area funds collection period has not expired,
94     provide to the database described in Subsection (1) the following information:
95          (a) an assessment of the change in marginal value, including:
96          (i) the base year;
97          (ii) the base taxable value;
98          (iii) the prior year's assessed value;
99          (iv) the estimated current assessed value;
100          (v) the percentage change in marginal value; and
101          (vi) a narrative description of the relative growth in assessed value;
102          (b) the amount of project area funds the agency received for each year of the project
103     area funds collection period, including:
104          (i) a comparison of the actual project area funds received for each year to the amount of
105     project area funds forecasted for each year when the project area was created, if available;
106          (ii) (A) the agency's historical receipts of project area funds, including the tax year for
107     which the agency first received project area funds from the project area; or
108          (B) if the agency has not yet received project area funds from the project area, the year
109     in which the agency expects each project area funds collection period to begin;

110          (iii) a list of each taxing entity that levies or imposes a tax within the project area and a
111     description of the benefits that each taxing entity receives from the project area; and
112          (iv) the amount paid to other taxing entities under Section 17C-1-410, if applicable;
113          (c) a description of current and anticipated project area development, including:
114          (i) a narrative of any significant project area development, including infrastructure
115     development, site development, participation agreements, or vertical construction; and
116          (ii) other details of development within the project area, including:
117          (A) the total developed acreage;
118          (B) the total undeveloped acreage;
119          (C) the percentage of residential development; and
120          (D) the total number of housing units authorized, if applicable;
121          (d) the project area budget, if applicable, or other project area funds analyses,
122     including:
123          (i) each project area funds collection period, including:
124          (A) the start and end date of the project area funds collection period; and
125          (B) the number of years remaining in each project area funds collection period;
126          (ii) the amount of project area funds the agency is authorized to receive from the
127     project area cumulatively and from each taxing entity, including:
128          (A) the total dollar amount; and
129          (B) the percentage of the total amount of project area funds generated within the
130     project area;
131          (iii) the remaining amount of project area funds the agency is authorized to receive
132     from the project area cumulatively and from each taxing entity; and
133          (iv) the amount of project area funds the agency is authorized to use to pay for the
134     agency's administrative costs, as described in Subsection 17C-1-409(1), including:
135          (A) the total dollar amount; and
136          (B) the percentage of the total amount of all project area funds;

137          (e) the estimated amount of project area funds that the agency is authorized to receive
138     from the project area for the current calendar year;
139          (f) the estimated amount of project area funds to be paid to the agency for the next
140     calendar year;
141          (g) a map of the project area; and
142          (h) any other relevant information the agency elects to provide.
143          [(4) (a) Until the Governor's Office of Economic Opportunity creates a database as
144     required in Subsection (1), an agency shall, on or before November 1 of each calendar year,
145     electronically submit a report to:]
146          [(i) the community in which the agency operates;]
147          [(ii) the county auditor;]
148          [(iii) the State Tax Commission;]
149          [(iv) the State Board of Education; and]
150          [(v) each taxing entity from which the agency receives project area funds.]
151          [(b) An agency shall ensure that the report described in Subsection (4)(a):]
152          [(i) contains the same information described in Subsection (3); and]
153          [(ii) is posted on the website of the community in which the agency operates.]
154          [(5)] (4) Any information an agency submits in accordance with this section:
155          (a) is for informational purposes only; and
156          (b) does not alter the amount of project area funds that an agency is authorized to
157     receive from a project area.
158          [(6)] (5) The provisions of this section apply regardless of when the agency or project
159     area is created.
160          (6) On or before September 1 of each year, the Governor's Office of Economic
161     Opportunity shall prepare and submit an annual written report to the Political Subdivisions
162     Interim Committee that identifies:
163          (a) the agencies that complied with the reporting requirements of this section during

164     the preceding reporting period; and
165          (b) any agencies that failed to comply with the reporting requirements of this section
166     during the preceding reporting period.
167          Section 2. Section 63N-1a-201 is amended to read:
168          63N-1a-201. Creation of commission.
169          (1) There is created in the office the Unified Economic Opportunity Commission,
170     established to carry out the mission described in Section 63N-1a-103 and direct the office and
171     other appropriate entities in fulfilling the state strategic goals.
172          (2) The commission consists of:
173          (a) the following voting members:
174          (i) the governor, who shall serve as the chair of the commission;
175          (ii) the executive director, who shall serve as the vice chair of the commission;
176          (iii) the executive director of the Department of Workforce Services;
177          (iv) the executive director of the Department of Transportation;
178          (v) the executive director of the Department of Natural Resources;
179          (vi) the executive director of the Department of Commerce;
180          (vii) the commissioner of the Department of Agriculture and Food;
181          (viii) the executive director of the Governor's Office of Planning and Budget;
182          (ix) the commissioner of higher education;
183          (x) the state superintendent of public instruction;
184          (xi) the president of the Senate or the president's designee;
185          (xii) the speaker of the House of Representatives or the speaker's designee;
186          (xiii) one individual who is knowledgeable about housing needs in the state, including
187     housing density and land use, appointed by the governor;
188          (xiv) one individual who represents the interests of urban cities, appointed by the Utah
189     League of Cities and Towns; and
190          (xv) one individual who represents the interests of rural counties, appointed by the

191     Utah Association of Counties; and
192          (b) the following non-voting members:
193          (i) the chief executive officer of World Trade Center Utah;
194          (ii) the chief executive officer of the Economic Development Corporation of Utah;
195     [and]
196          (iii) a senior advisor to the chair of the commission with expertise in rural affairs of the
197     state, appointed by the chair of the commission[.]; and
198          (iv) the chief executive officer of one of the following entities, appointed by the chair
199     of the commission:
200          (A) the Utah Inland Port Authority created in Section 11-58-201;
201          (B) the Point of the Mountain State Land Authority created in Section 11-59-201; or
202          (C) the Military Installation Development Authority created in Section 63H-1-201.
203          (3) A majority of commission members constitutes a quorum for the purposes of
204     conducting commission business and the action of a majority of a quorum constitutes the action
205     of the commission.
206          (4) The executive director of the office, or the executive director's designee, is the
207     executive director of the commission.
208          (5) The office shall provide:
209          (a) office space and administrative staff support for the commission; and
210          (b) the central leadership and coordination of the commission's efforts in the field of
211     economic development.
212          (6) (a) A member may not receive compensation or benefits for the member's service
213     on the commission, but may receive per diem and travel expenses in accordance with:
214          (i) Sections 63A-3-106 and 63A-3-107; and
215          (ii) rules made by the Division of Finance in accordance with Sections 63A-3-106 and
216     63A-3-107.
217          (b) Compensation and expenses of a commission member who is a legislator are

218     governed by Section 36-2-2 and Legislative Joint Rules, Title 5, Legislative Compensation and
219     Expenses.
220          Section 3. Section 63N-1b-402 is amended to read:
221          63N-1b-402. Women in the Economy Subcommittee created.
222          (1) There is created a subcommittee of the commission called the Women in the
223     Economy Subcommittee.
224          (2) The subcommittee shall consist of [11] 15 members as follows:
225          (a) one senator appointed by the president of the Senate;
226          (b) one senator appointed by the minority leader of the Senate;
227          (c) one representative appointed by the speaker of the House of Representatives;
228          (d) one representative appointed by the minority leader of the House of
229     Representatives;
230          (e) the executive director of the department, or the executive director's designee; and
231          (f) [six] 10 members appointed by the governor as follows:
232          (i) [a representative of a business with fewer than 50 employees that has been awarded
233     for work flexibility or work-life balance] two individuals who represent businesses in the state
234     that:
235          (A) have fewer than 50 employees; and
236          (B) have demonstrated a commitment to women in the economy;
237          [(ii) a representative of a business with 50 or more employees, but fewer than 500
238     employees, that has been awarded for work flexibility or work-life balance]
239          (ii) two individuals who represent businesses in the state that:
240          (A) have 50 or more employees, but fewer than 500 employees; and
241          (B) have demonstrated a commitment to women in the economy;
242          [(iii) a representative of a business with 500 or more employees that has been awarded
243     for work flexibility or work-life balance]
244          (iii) two individuals who represent businesses in the state that:

245          (A) have 500 or more employees; and
246          (B) have demonstrated a commitment to women in the economy;
247          (iv) an individual who has experience in economic and demographic work [and is
248     employed by a state institution of higher education];
249          (v) one individual from a nonprofit organization that [addresses issues related to
250     domestic violence; and] focuses on women's advocacy;
251          (vi) one individual with managerial experience with organized labor[.]; and
252          (vii) one individual who serves as an officer, employee, or appointee of a local
253     government, nominated by the Utah League of Cities and Towns.
254          (3) (a) When a vacancy occurs in a position appointed by the governor under
255     Subsection (2)(f), the governor shall appoint a person to fill the vacancy.
256          (b) A member appointed under Subsection (2)(f) shall serve a term of four years.
257          (c) Notwithstanding Subsection (3)(b), for members appointed under Subsection (2)(f),
258     the governor shall, at the time of appointment or reappointment, adjust the length of terms to
259     ensure that the terms of subcommittee members are staggered so that approximately half of the
260     subcommittee members appointed under Subsection (2)(f) are appointed every two years.
261          [(b)] (d) Members appointed under Subsection (2)(f) may be removed by the governor
262     for cause.
263          [(c)] (e) A member appointed under Subsection (2)(f) shall be removed from the
264     subcommittee and replaced by the governor if the member is absent for three consecutive
265     meetings of the subcommittee without being excused by the chair of the subcommittee.
266          [(d)] (f) A member serves until the member's successor is appointed and qualified.
267          (4) In appointing the members under Subsection (2)(f), the governor shall:
268          (a) take into account the geographical makeup of the subcommittee; and
269          (b) strive to appoint members who are knowledgeable or have an interest in issues
270     related to women in the economy.
271          (5) (a) The subcommittee shall select two members who are legislators to serve as

272     cochairs, [one of which shall be a legislator] of which:
273          (i) one cochair shall be a member of the Senate; and
274          (ii) one cochair shall be a member of the House of Representatives.
275          (b) Subject to the other provisions of this Subsection (5), the cochairs are responsible
276     for the call and conduct of meetings.
277          (c) The cochairs shall call and hold meetings of the subcommittee at least [every two
278     months] four times per year.
279          [(d) One of the bimonthly meetings described in Subsection (5)(c) shall be held while
280     the Legislature is convened in the Legislature's annual general session.]
281          [(e) One or more additional meetings may be called upon request by a majority of the
282     subcommittee's members.]
283          (6) (a) A majority of the members of the subcommittee constitutes a quorum.
284          (b) The action of a majority of a quorum constitutes the action of the subcommittee.
285          (7) (a) A member of the subcommittee described in Subsection (2)(e) or (f) may not
286     receive compensation or benefits for the member's service, but may receive per diem and travel
287     expenses in accordance with:
288          (i) Section 63A-3-106;
289          (ii) Section 63A-3-107; and
290          (iii) rules made by the Division of Finance pursuant to Sections 63A-3-106 and
291     63A-3-107.
292          (b) Compensation and expenses of a member who is a legislator are governed by
293     Section 36-2-2 and Legislative Joint Rules, Title 5, Legislative Compensation and Expenses.
294          (8) The office shall provide staff support to the subcommittee.
295          Section 4. Section 63N-1b-403 is amended to read:
296          63N-1b-403. Purpose -- Powers and duties of the subcommittee.
297          (1) The subcommittee's purpose is to:
298          (a) increase public and government understanding of the current and future impact and

299     needs of the state's women in the economy and how those needs may be most effectively and
300     efficiently met;
301          (b) identify and recommend implementation of specific policies, procedures, and
302     programs to respond to the rights, needs, and impact of women in the economy; and
303          (c) facilitate coordination of the functions of public and private entities concerned with
304     women in the economy.
305          (2) The subcommittee shall:
306          (a) facilitate the communication and coordination of public and private entities that
307     provide services to women or protect the rights of women;
308          (b) study, evaluate, and report on the status and effectiveness of policies, procedures,
309     and programs that provide services to women or protect the rights of women;
310          (c) study and evaluate the policies, procedures, and programs implemented by other
311     states that address the needs of women in the economy or protect the rights of women;
312          (d) facilitate and conduct the research and study of issues related to women in the
313     economy;
314          (e) provide a forum for public comment on issues related to women in the economy;
315          (f) provide public information on women in the economy and the services available to
316     women; and
317          (g) encourage state and local governments to analyze, plan, and prepare for the impact
318     of women in the economy on services and operations.
319          (3) To accomplish the subcommittee's duties, the subcommittee may:
320          (a) request and receive from a state or local government agency or institution summary
321     information relating to women in the economy, including:
322          (i) reports;
323          (ii) audits;
324          (iii) projections; and
325          (iv) statistics;

326          (b) in coordination with the office, apply for and accept grants or donations for uses
327     consistent with the duties of the subcommittee from public or private sources; and
328          (c) appoint one or more working groups to advise and assist the subcommittee.
329          (4) Money received by the office under Subsection (3)(b) shall be:
330          (a) accounted for and expended in compliance with the requirements of federal and
331     state law; and
332          (b) continuously available to the subcommittee to carry out the subcommittee's duties.
333          (5) (a) A member of a working group described in Subsection (3)(c):
334          (i) shall be appointed by the subcommittee;
335          (ii) may be:
336          (A) a member of the subcommittee; or
337          (B) an individual from the private or public sector; and
338          (iii) notwithstanding Section 35A-11-201, may not receive reimbursement or pay for
339     any work done in relation to the working group.
340          (b) A working group described in Subsection (3)(c) shall report to the subcommittee on
341     the progress of the working group.
342          Section 5. Section 63N-1b-404 is amended to read:
343          63N-1b-404. Annual report.
344          (1) The subcommittee shall annually prepare a report for inclusion in the [office's
345     annual written report described in Section 63N-1a-306] commission's report to the office under
346     Subsection 63N-1a-202(3).
347          (2) The report described in Subsection (1) shall:
348          (a) describe how the subcommittee fulfilled the subcommittee's statutory purposes and
349     duties during the year; and
350          (b) contain recommendations on how the state should act to address issues relating to
351     women in the economy.
352          Section 6. Section 63N-2-104.3 is amended to read:

353          63N-2-104.3. Limitations on tax credit amount.
354          (1) Except as provided in Subsection (2)(a), for a new commercial project that is
355     located within the boundary of a county of the first or second class, the office may not
356     authorize a tax credit that exceeds:
357          (a) 50% of the new state revenues from the new commercial project in any given year;
358          (b) 30% of the new state revenues from the new commercial project over [the lesser of
359     the life of a new commercial project or] a period of up to 20 years; or
360          (c) 35% of the new state revenues from the new commercial project over [the lesser of
361     the life of a new commercial project or] a period of up to 20 years, if:
362          (i) the new commercial project brings 2,500 or more new incremental jobs to the state;
363          (ii) the amount of capital expenditures associated with the new commercial project is
364     $1,000,000,000 or more; and
365          (iii) the commission approves the tax credit.
366          (2) If the office authorizes a tax credit for a new commercial project located within the
367     boundary of:
368          (a) a municipality with a population of 10,000 or less located within a county of the
369     second class and that is experiencing economic hardship as determined by the office, the office
370     [shall] may authorize a tax credit of up to 50% of new state revenues from the new commercial
371     project over [the lesser of the life of the new commercial project or] a period of up to 20 years;
372          (b) a county of the third class, the office [shall] may authorize a tax credit of up to 50%
373     of new state revenues from the new commercial project over [the lesser of the life of the new
374     commercial project or] a period of up to 20 years; and
375          (c) a county of the fourth, fifth, or sixth class, the office [shall] may authorize a tax
376     credit of 50% of new state revenues from the new commercial project over [the lesser of the
377     life of the new commercial project or] a period of up to 20 years.
378          Section 7. Section 63N-3-102 is amended to read:
379          63N-3-102. Definitions.

380          As used in this part:
381          (1) "Administrator" means the executive director or the executive director's designee.
382          (2) "Economic opportunities" means [unique] business situations or community
383     circumstances[, including the development of recreation infrastructure and the promotion of the
384     high tech sector in the state,] which lend themselves to the furtherance of the economic
385     interests of the state by providing a catalyst or stimulus to the growth or retention, or both, of
386     commerce and industry in the state, including retention of companies whose relocation outside
387     the state would have a significant detrimental economic impact on the state as a whole, regions
388     of the state, or specific components of the state [as determined by the GO Utah board].
389          (3) "Restricted Account" means the restricted account known as the Industrial
390     Assistance Account created in Section 63N-3-103.
391          (4) "Talent development grant" means a grant awarded under Section 63N-3-112.
392          Section 8. Section 63N-3-105 is amended to read:
393          63N-3-105. Qualification for assistance -- Application requirements.
394          [(1) (a) Except as provided in Section 63N-3-109, the administrator, in consultation
395     with the GO Utah board, shall determine which industries, companies, and individuals qualify
396     to receive money from the Industrial Assistance Account.]
397          [(b) Except as provided by Subsection (2), to qualify for financial assistance from the
398     restricted account, an applicant shall:]
399          [(i) demonstrate to the satisfaction of the administrator that the applicant will expend
400     funds in the state with employees, vendors, subcontractors, or other businesses in an amount
401     proportional with money provided from the restricted account at a minimum ratio of one to one
402     per year or other more stringent requirements as established on a per project basis by the
403     administrator;]
404          [(ii) demonstrate to the satisfaction of the administrator the applicant's ability to sustain
405     economic activity in the state sufficient to repay, by means of cash or appropriate credits, the
406     loan provided by the restricted account; and]

407          [(iii) satisfy other criteria the administrator considers appropriate.]
408          [(2) (a) The administrator may exempt an applicant from the requirements of
409     Subsection (1)(a) or (b) if:]
410          [(i) the applicant is part of a targeted industry;]
411          [(ii) the applicant is a quasi-public corporation organized under Title 16, Chapter 6a,
412     Utah Revised Nonprofit Corporation Act, or Title 63E, Chapter 2, Independent Corporations
413     Act, and its operations, as demonstrated to the satisfaction of the administrator, will provide
414     significant economic stimulus to the growth of commerce and industry in the state; or]
415          [(iii) the applicant is an entity offering an economic opportunity under Section
416     63N-3-109.]
417          [(b) The administrator may not exempt the applicant from the requirement under
418     Subsection 63N-3-106(2)(b) that the loan be structured so that the repayment or return to the
419     state equals at least the amount of the assistance together with an annual interest charge.]
420          (1) Subject to the requirements of this part, the administrator may provide loans,
421     grants, or other financial assistance from the restricted account to an entity offering an
422     economic opportunity if that entity:
423          (a) applies to the administrator in a form approved by the administrator; and
424          (b) meets the qualifications of Subsection (2).
425          (2) As part of an application for receiving financial assistance under this part, an
426     applicant shall demonstrate the following to the satisfaction of the administrator:
427          (a) the nature of the economic opportunity and the related benefit to the economic
428     well-being of the state by providing evidence documenting the expenditure of money
429     necessitated by the economic opportunity;
430          (b) how the economic opportunity will act in concert with other state, federal, or local
431     agencies to achieve the economic benefit;
432          (c) that the applicant will expend funds in the state with employees, vendors,
433     subcontractors, or other businesses in an amount proportional with money provided from the

434     restricted account at a minimum ratio of one to one per year or other more stringent
435     requirements as established on a per project basis by the administrator;
436          (d) for an application for a loan, the applicant's ability to sustain economic activity in
437     the state sufficient to repay, by means of cash or appropriate credits, the loan provided by the
438     restricted account; and
439          (e) any other criteria the administrator considers appropriate.
440          (3) (a) The administrator may exempt an applicant from any of the requirements of
441     Subsection (2) if:
442          (i) the applicant is part of a targeted industry;
443          (ii) the applicant is a quasi-public corporation organized under Title 16, Chapter 6a,
444     Utah Revised Nonprofit Corporation Act, or Title 63E, Chapter 2, Independent Corporations
445     Act, and the applicant's operations, as demonstrated to the satisfaction of the administrator, will
446     provide significant economic stimulus to the growth of commerce and industry in the state; or
447          (iii) the GO Utah board recommends awarding a grant to the applicant.
448          (b) The administrator may not exempt the applicant from the requirement under
449     Subsection 63N-3-106(1)(b) that the loan be structured so that the repayment or return to the
450     state equals at least the amount of the assistance together with an annual interest charge.
451          [(3)] (4) The GO Utah board shall make recommendations to the administrator
452     regarding applications for loans, grants, or other financial assistance from the Industrial
453     Assistance Account.
454          (5) Before awarding any money under this part, the administrator shall:
455          (a) make findings as to whether an applicant has satisfied the requirements of
456     Subsection (2);
457          (b) establish benchmarks and timeframes in which progress toward the completion of
458     the agreed upon activity is to occur;
459          (c) monitor compliance by an applicant with any contract or agreement entered into by
460     the applicant and the state as provided by Section 63N-3-107; and

461          (d) make funding decisions based upon appropriate findings and compliance.
462          [(4) The administrator shall:]
463          [(a) for applicants not described in Subsection (2)(a):]
464          [(i) make findings as to whether or not each applicant has satisfied each of the
465     conditions set forth in Subsection (1); and]
466          [(ii) monitor the continued compliance by each applicant with each of the conditions
467     set forth in Subsection (1) for five years;]
468          [(b) consider the GO Utah board's recommendations with respect to each application;]
469          [(c) monitor the compliance by each applicant with the provisions of any contract or
470     agreement entered into between the applicant and the state as provided in Section 63N-3-107;
471     and]
472          [(d) make funding decisions based upon appropriate findings and compliance.]
473          Section 9. Section 63N-3-106 is amended to read:
474          63N-3-106. Structure of loans, grants, and assistance -- Repayment -- Earned
475     credits.
476          [(1) (a) A company that qualifies under Section 63N-3-105 may receive loans, grants,
477     or other financial assistance from the Industrial Assistance Account for expenses related to
478     establishment, relocation, or development of industry in Utah.]
479          [(b) An entity offering an economic opportunity that qualifies under Section 63N-3-109
480     may:]
481          [(i) receive loans, grants, or other financial assistance from the restricted account for
482     expenses related to the establishment, relocation, retention, or development of industry in the
483     state; and]
484          [(ii) include infrastructure or other economic development precursor activities that act
485     as a catalyst and stimulus for economic activity likely to lead to the maintenance or
486     enlargement of the state's tax base.]
487          [(2)] (1) (a) Subject to Subsection [(2)(b)] (1)(b), the administrator has authority to

488     determine the structure, amount, and nature of any loan, grant, or other financial assistance
489     from the restricted account.
490          (b) Loans made under [Subsection (2)(a)] this part shall be structured so the intended
491     repayment or return to the state, including cash or credit, equals at least the amount of the
492     assistance together with an annual interest charge as negotiated by the administrator.
493          (c) Payments resulting from grants awarded from the restricted account shall be made
494     only after the administrator has determined that the company has satisfied the conditions upon
495     which the payment or earned credit was based.
496          [(3)] (2) [(a) (i)] (a) [Except as provided in Subsection (3)(b), the] The administrator
497     may provide for a system of earned credits that may be used to support grant payments or in
498     lieu of cash repayment of a restricted account loan obligation.
499          [(ii)] (b) The value of the credits described in Subsection [(3)(a)(i)] (2)(a) shall be
500     based on factors determined by the administrator, including:
501          [(A)] (i) the number of Utah jobs created;
502          [(B)] (ii) the increased economic activity in Utah; or
503          [(C)] (iii) other events and activities that occur as a result of the restricted account
504     assistance.
505          [(b) (i) The administrator shall provide for a system of credits to be used to support
506     grant payments or in lieu of cash repayment of a restricted account loan when loans are made to
507     a company creating an economic impediment.]
508          [(ii) The value of the credits described in Subsection (3)(b)(i) shall be based on factors
509     determined by the administrator, including:]
510          [(A) the number of Utah jobs created;]
511          [(B) the increased economic activity in Utah; or]
512          [(C) other events and activities that occur as a result of the restricted account
513     assistance.]
514          [(4)] (3) (a) A cash loan repayment or other cash recovery from a company receiving

515     assistance under this section, including interest, shall be deposited into the restricted account.
516          (b) The administrator and the Division of Finance shall determine the manner of
517     recognizing and accounting for the earned credits used in lieu of loan repayments or to support
518     grant payments as provided in Subsection [(3)] (2).
519          [(5)] (4) (a) (i) At the end of each fiscal year, the Division of Finance shall set aside the
520     balance of the General Fund revenue surplus as defined in Section 63J-1-312 after the transfers
521     of General Fund revenue surplus described in Subsection [(5)(b)] (4)(b) to the Industrial
522     Assistance Account in an amount equal to any credit that has accrued under this part.
523          (ii) The set aside under Subsection [(5)(a)(i)] (4)(a)(i) shall be capped at $50,000,000,
524     at which time no subsequent contributions may be made and any interest accrued above the
525     $50,000,000 cap shall be deposited into the General Fund.
526          (b) The set aside required by Subsection [(5)(a)] (4)(a) shall be made after the transfer
527     of surplus General Fund revenue surplus is made:
528          (i) to the Medicaid Growth Reduction and Budget Stabilization Restricted Account, as
529     provided in Section 63J-1-315;
530          (ii) to the General Fund Budget Reserve Account, as provided in Section 63J-1-312;
531     and
532          (iii) to the Wildland Fire Suppression Fund or State Disaster Recovery Restricted
533     Account, as provided in Section 63J-1-314.
534          (c) These credit amounts may not be used for purposes of the restricted account as
535     provided in this part until appropriated by the Legislature.
536          Section 10. Section 63N-3-107 is amended to read:
537          63N-3-107. Agreements.
538          The administrator shall enter into agreements with each successful applicant that have
539     specific terms and conditions for each loan, grant, or financial assistance under this part,
540     including:
541          (1) for a loan:

542          [(1)] (a) repayment schedules;
543          [(2)] (b) interest rates;
544          [(3)] (c) specific economic activity required to qualify for the loan [or assistance] or for
545     repayment credits;
546          [(4)] (d) collateral or security, if any; and
547          [(5)] (e) other terms and conditions considered appropriate by the administrator[.]; and
548          (2) for a grant or other financial assistance:
549          (a) requirements for compliance monitoring, for a period of five years;
550          (b) repayment for nonperformance or departure from the state;
551          (c) collateral or security, if any; and
552          (d) other terms and conditions considered appropriate by the administrator.
553          Section 11. Section 63N-3-111 is amended to read:
554          63N-3-111. Annual policy considerations.
555          (1) (a) The office shall make recommendations to state and federal agencies, local
556     governments, the governor, and the Legislature regarding policies and initiatives that promote
557     the economic development of targeted industries.
558          (b) The office may create one or more voluntary advisory committees that may include
559     public and private stakeholders to solicit input on policy guidance and best practices in
560     encouraging the economic development of targeted industries.
561          (2) In evaluating the economic impact of applications for assistance, the GO Utah
562     board shall use an econometric cost-benefit model.
563          (3) The GO Utah board may establish:
564          (a) minimum interest rates to be applied to loans granted that reflect a fair social rate of
565     return to the state comparable to prevailing market-based rates such as the prime rate, U.S.
566     Government T-bill rate, or bond coupon rate as paid by the state, adjusted by social indicators
567     such as the rate of unemployment; and
568          (b) minimum applicant expense ratios, as long as they are at least equal to those

569     required under Subsection [63N-3-105(1)(b)] 63N-3-105(2).
570          Section 12. Section 63N-3-801 is amended to read:
571          63N-3-801. Creation and administration.
572          (1) There is created an enterprise fund known as the "State Small Business Credit
573     Initiative Program Fund" administered by the office.
574          (2) The executive director or the executive director's designee is the administrator of
575     the fund.
576          (3) Revenues deposited into the fund shall consist of:
577          (a) grants, pay backs, bonuses, entitlements, and other money received from the federal
578     government to implement the State Small Business Credit Initiative; and
579          (b) transfers, grants, gifts, bequests, and other money made available from any source
580     to implement this part.
581          (4) (a) The state treasurer shall invest the money in the fund according to the
582     procedures and requirements of Title 51, Chapter 7, State Money Management Act.
583          (b) Interest and other earnings derived from the fund money shall be deposited in the
584     fund.
585          (5) The office may use fund money for administration of the fund[, but not to exceed
586     4% of the annual receipts to the fund].
587          Section 13. Section 63N-3-802 is amended to read:
588          63N-3-802. Distribution of fund money.
589          [(1) (a) The office shall make loans and loan guarantees from the fund for the Small
590     Business Credit Initiative created under the Small Business Jobs Act of 2010, 12 U.S.C. Sec.
591     5701 et seq., as amended, to use federal money for programs that leverage private lending to
592     help finance small businesses and manufacturers that are creditworthy but not receiving the
593     loans needed to expand and create jobs.]
594          [(b) In making loans and loan guarantees under this part, the office shall give due
595     consideration to small businesses in underserved communities throughout the state that have

596     been deeply impacted by recession and not seen a comparable resurgence in their economies.]
597          [(2)] (1) The office shall distribute federal money in the fund according to the
598     procedures, conditions, and restrictions placed upon the use of the money by the federal
599     government under the Small Business Jobs Act of 2010, 12 U.S.C. Sec. 5701 et seq., as
600     amended.
601          [(3)] (2) The office may:
602          (a) enact rules to establish procedures for the [loan and loan guarantee process]
603     distribution of fund money by following the procedures and requirements of Title 63G, Chapter
604     3, Utah Administrative Rulemaking Act; and
605          (b) service or contract, under Title 63G, Chapter 6a, Utah Procurement Code, for the
606     servicing of loans made by the fund.
607          Section 14. Section 63N-3-1002 is amended to read:
608          63N-3-1002. Creation of Economic Assistance Grant Program -- Requirements --
609     Rulemaking -- Annual report.
610          (1) There is created the Economic Assistance Grant Program administered by the
611     office.
612          (2) Subject to appropriations from the Legislature, the office may award one or more
613     grants to a business entity to provide funding for projects that:
614          (a) promote and support economic opportunities in the state; and
615          (b) provide a service in the state related to industry, education, community
616     development, or infrastructure.
617          (3) In awarding grants, the office may prioritize projects:
618          [(a) that create new jobs in the state;]
619          [(b)] (a) that develop targeted industries in the state;
620          [(c)] (b) where an applicant identifies clear metrics to measure the progress,
621     effectiveness, and scope of the project;
622          [(d) where an applicant secures funding from other sources to help finance the project;]

623          [(e)] (c) where an applicant demonstrates comprehensive planning of the project; and
624          [(f)] (d) that require one-time funds.
625          (4) Before a business entity may receive a grant, the business entity shall enter into a
626     written agreement with the office that specifies:
627          (a) the amount of the grant;
628          (b) the time period for distributing the grant;
629          (c) the terms and conditions that the business entity shall meet to receive the grant;
630          (d) the structure of the grant; and
631          (e) the expenses for which the business entity may expend the grant.
632          (5) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the
633     office may make rules to administer the grant program.
634          (6) The office shall include in the annual written report described in Section
635     63N-1a-306 a report on the grant program[, including a description and the amount of any
636     grants awarded].
637          Section 15. Section 63N-3-1201 is enacted to read:
638     
Part 12. Redevelopment Matching Grant Program

639          63N-3-1201. Definitions.
640          As used in this part:
641          (1) "American Rescue Plan Act" means the American Rescue Plan Act, Pub. L. 117-2.
642          (2) "Grant" means a financial grant awarded as part of the Redevelopment Matching
643     Grant Program created in Section 63N-3-1202.
644          (3) "Grant program" means the Redevelopment Matching Grant Program created in
645     Section 63N-3-1202.
646          (4) "Local government" means a county or municipality.
647          Section 16. Section 63N-3-1202 is enacted to read:
648          63N-3-1202. Creation of Redevelopment Matching Grant Program -- Eligibility
649     and program requirements -- Rulemaking -- Reporting.

650          (1) There is created the Redevelopment Matching Grant Program administered by the
651     office.
652          (2) Subject to appropriations from the Legislature, the office shall award grants to:
653          (a) local governments that meet the qualifications described in Subsection (3), to
654     provide support for projects or services that increase the supply of affordable and high quality
655     living units; and
656          (b) water conservancy districts, local districts, and special service districts that meet the
657     qualifications described in Subsection (4), to provide support for projects or services that
658     conserve or develop water assets.
659          (3) To qualify for a grant, a local government shall:
660          (a) demonstrate that the local government has approved a development application
661     after January 1, 2021, that allows for the creation of new or additional affordable housing units,
662     attached or detached, at a density of at least eight units per acre;
663          (b) demonstrate that the project for which grant funds are sought is not subject to a
664     land use referendum or initiative;
665          (c) provide an equal amount of matching funds; and
666          (d) certify that the local government will spend grant funds:
667          (i) on a project or service that increases the supply of affordable and high quality living
668     units;
669          (ii) within six months of receiving the grant; and
670          (iii) in accordance with the American Rescue Plan Act.
671          (4) To qualify for a grant, a water conservancy district, local district, or special service
672     district shall:
673          (a) provide an equal amount of matching funds; and
674          (b) certify that the water conservancy district, local district, or special service district
675     will spend grant funds:
676          (i) on a project or service that conserves or develops water assets; and

677          (ii) in accordance with the American Rescue Plan Act.
678          (5) In awarding grants to local governments, the office may award an initial grant to a
679     local government in an amount of up to $2,500,000, and an additional grant of up to
680     $1,500,000, if the project includes a minimum of 1,000 housing units or a minimum of 40 units
681     per acre.
682          (6) The office may not award more than 35% of the total amount of grant funds
683     available for projects to conserve or develop water assets.
684          (7) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the
685     office may make rules establishing the eligibility and reporting criteria for grants, including:
686          (a) the form and process of applying for grants;
687          (b) the method and formula for determining grant amounts; and
688          (c) the reporting requirements of grant recipients.
689          (8) The office shall annually prepare and submit a report describing the distribution
690     and uses of grants to the Governor's Office of Planning and Budget and to the Office of the
691     Legislative Fiscal Analyst.
692          (9) In addition to the report described in Subsection (8), the office shall include in the
693     annual written report described in Section 63N-1a-306 a report on the grant program.
694          Section 17. Section 63N-4-801 is amended to read:
695          63N-4-801. Definitions.
696          As used in this part:
697          (1) "Advisory committee" means the Rural Opportunity Advisory Committee created
698     in Section 63N-4-804.
699          (2) "Association of governments" means an association of political subdivisions of the
700     state, established pursuant to an interlocal agreement under Title 11, Chapter 13, Interlocal
701     Cooperation Act.
702          [(2)] (3) (a) "Business entity" means a sole proprietorship, partnership, association,
703     joint venture, corporation, firm, trust, foundation, or other organization or entity used in

704     carrying on a business.
705          (b) "Business entity" does not include a business primarily engaged in the following:
706          (i) construction;
707          (ii) staffing;
708          (iii) retail trade; or
709          (iv) public utility activities.
710          [(3)] (4) "CEO board" means a County Economic Opportunity Advisory Board as
711     described in Section 63N-4-803.
712          [(4)] (5) "Fund" means the Rural Opportunity Fund created in Section 63N-4-805.
713          [(5)] (6) "Qualified asset" means a physical asset that provides or supports an essential
714     public service.
715          [(6)] (7) " Qualified project" means a project to build or improve one or more qualified
716     assets for a rural community, including:
717          (a) telecom and high-speed Internet infrastructure;
718          (b) power and energy infrastructure;
719          (c) water and sewerage infrastructure;
720          (d) healthcare infrastructure; or
721          (e) other infrastructure as defined by rule made by the office in accordance with Title
722     63G, Chapter 3, Utah Administrative Rulemaking Act.
723          [(7)] (8) "Rural community" means a rural county or rural municipality.
724          [(8)] (9) "Rural county" means a county of the third, fourth, fifth, or sixth class.
725          [(9)] (10) "Rural municipality" means a city, town, or metro township located within
726     the boundaries of:
727          (a) a county of the third, fourth, fifth, or sixth class; or
728          (b) a county of the second class, if the municipality has a population of 10,000 or less.
729          [(10)] (11) "Rural Opportunity Program" or "program" means the Rural Opportunity
730     Program created in Section 63N-4-802.

731          Section 18. Section 63N-4-802 is amended to read:
732          63N-4-802. Creation of Rural Opportunity Program -- Awarding of grants and
733     loans -- Rulemaking -- Reporting.
734          (1) There is created the Rural Opportunity Program.
735          (2) The program shall be overseen by the advisory committee and administered by the
736     office.
737          (3) (a) In overseeing the program, the advisory committee shall make recommendations
738     to the office on the awarding of grants and loans under this section.
739          (b) After reviewing the recommendations of the advisory committee, and subject to
740     appropriations from the Legislature, the office shall:
741          (i) award grants to rural communities and business entities in accordance with
742     Subsection (4) and rules made by the center under Subsection (6); and
743          (ii) award loans to rural communities in accordance with Subsection (5) and rules made
744     by the center under Subsection (6).
745          (4) (a) The office shall annually distribute an equal amount of grant money to all rural
746     counties that have created a CEO board and apply for a grant, in an amount up to and including
747     $200,000 annually per county.
748          (b) In addition to the grant money distributed to rural counties under Subsection (4)(a),
749     the office may use program funds to:
750          (i) award grants to rural communities that demonstrate a funding match, in an amount
751     established by rule under Subsection (6); [and]
752          (ii) award grants to business entities that create new jobs within rural communities[.];
753     and
754          (iii) award grants to associations of governments, subject to Subsection (4)(e).
755          (c) The office shall award grants under this Subsection (4) to address the economic
756     development needs of rural communities, which needs may include:
757          (i) business recruitment, development, and expansion;

758          (ii) workforce training and development; and
759          (iii) infrastructure, industrial building development, and capital facilities improvements
760     for business development.
761          (d) In awarding grants under this Subsection (4), the office:
762          (i) shall prioritize applications in accordance with rules made by the office under
763     Subsection (6); [and]
764          (ii) may not award more than $800,000 annually to a rural community or business
765     entity[.]; and
766          (iii) may not award more than 20% of the total amount of grant funds made available
767     each year to associations of governments.
768          (e) An association of governments may not receive a grant from the program unless the
769     association of governments demonstrates to the office that each county belonging to the
770     association of governments has approved the request for grant funds.
771          (5) (a) In addition to the awarding of grants under Subsection (4), the office may use
772     program funds to award loans to rural communities to provide financing for qualified projects.
773          (b) (i) A rural community may not receive a loan from the program for a qualified
774     project unless:
775          (A) the rural community demonstrates to the office that the rural community has
776     exhausted all other means of securing funding from the state for the qualified project; and
777          (B) the rural community enters into a loan contract with the office.
778          (ii) A loan contract under Subsection (5)(b)(i)(B):
779          (A) shall be secured by legally issued bonds, notes, or other evidence of indebtedness
780     validly issued under state law, including pledging all or any portion of a revenue source
781     controlled by the rural community to the repayment of the loan; and
782          (B) may provide that a portion of the proceeds of the loan may be applied to fund a
783     reserve fund to secure the repayment of the loan.
784          (c) A loan under this Subsection (5) shall bear interest at a rate:

785          (i) not less than bond market interest rates available to the state; and
786          (ii) not more than .5% above bond market interest rates available to the state.
787          (d) Before a rural community may receive a loan from the office, the rural community
788     shall:
789          (i) publish the rural community's intention to obtain the loan at least once in
790     accordance with the publication and notice requirements described in Section 11-14-316; and
791          (ii) adopt an ordinance or resolution authorizing the loan.
792          (e) (i) If a rural community that receives a loan from the office fails to comply with the
793     terms of the loan contract, the office may seek any legal or equitable remedy to obtain
794     compliance or payment of damages.
795          (ii) If a rural community fails to make loan payments when due, the state shall, at the
796     request of the office, withhold an amount of money due to the rural community and deposit the
797     withheld money into the fund to pay the amount due under the contract.
798          (iii) The office may elect when to take any action or request the withholding of money
799     under this Subsection (5)(e).
800          (f) All loan contracts, bonds, notes, or other evidence of indebtedness securing any
801     loans shall be collected and accounted for in accordance with Section 63B-1b-202.
802          (6) (a) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act,
803     and in collaboration with the advisory committee, the office shall make rules to administer the
804     program.
805          (b) The rules under Subsection (6)(a) shall establish:
806          (i) eligibility criteria for a rural community or business entity to receive a grant or loan
807     under the program;
808          (ii) application requirements;
809          (iii) funding match requirements for a rural community to receive a grant under
810     Subsection (4)(b);
811          (iv) a process for prioritizing grant and loan applications; and

812          (v) reporting requirements.
813          (7) The office shall include the following information in the annual written report
814     described in Section 63N-1a-306:
815          (a) the total amount of grants and loans the office awarded to rural communities and
816     business entities under the program;
817          (b) a description of the projects for which the office awarded a grant or loan under the
818     program;
819          (c) the total amount of outstanding debt service that is being repaid by a grant or loan
820     awarded under the program;
821          (d) whether the grants and loans awarded under the program have resulted in economic
822     development within rural communities; and
823          (e) the office's recommendations regarding the effectiveness of the program and any
824     suggestions for legislation.
825          Section 19. Section 63N-8-102 is amended to read:
826          63N-8-102. Definitions.
827          As used in this chapter:
828          (1) "Digital media company" means a company engaged in the production of a digital
829     media project.
830          (2) "Digital media project" means all or part of a production of interactive
831     entertainment or animated production that is produced for distribution in commercial or
832     educational markets, which shall include projects intended for Internet or wireless distribution.
833          (3) "Dollars left in the state" means expenditures made in the state for a state-approved
834     production, including:
835          (a) an expenditure that is subject to:
836          (i) a corporate franchise or income tax under Title 59, Chapter 7, Corporate Franchise
837     and Income Taxes;
838          (ii) an individual income tax under Title 59, Chapter 10, Individual Income Tax Act;

839     and
840          (iii) a sales and use tax under Title 59, Chapter 12, Sales and Use Tax Act,
841     notwithstanding any sales and use tax exemption allowed by law; or
842          (iv) a combination of Subsections (3)(a)(i), (ii), and (iii);
843          (b) payments made to a nonresident only to the extent of the income tax paid to the
844     state on the payments, the amount of per diems paid in the state, and other direct
845     reimbursements transacted in the state; and
846          (c) payments made to a payroll company or loan-out corporation that is registered to do
847     business in the state, only to the extent of the amount of withholding under Section 59-10-402.
848          (4) "Loan-out corporation" means a corporation owned by one or more artists that
849     provides services of the artists to a third party production company.
850          (5) "Motion picture company" means a company engaged in the production of:
851          (a) motion pictures;
852          (b) television series; or
853          (c) made-for-television movies.
854          (6) "Motion picture incentive" means either a cash rebate from the Motion Picture
855     Incentive Account or a refundable tax credit under Section 59-7-614.5 or 59-10-1108.
856          (7) "New state revenues" means:
857          (a) incremental new state sales and use tax revenues generated as a result of a digital
858     media project that a digital media company pays under Title 59, Chapter 12, Sales and Use Tax
859     Act;
860          (b) incremental new state tax revenues that a digital media company pays as a result of
861     a digital media project under:
862          (i) Title 59, Chapter 7, Corporate Franchise and Income Taxes;
863          (ii) Title 59, Chapter 10, Part 1, Determination and Reporting of Tax Liability and
864     Information;
865          (iii) Title 59, Chapter 10, Part 2, Trusts and Estates;

866          (iv) Title 59, Chapter 10, Part 4, Withholding of Tax; or
867          (v) a combination of Subsections (7)(b)(i), (ii), (iii), and (iv);
868          (c) incremental new state revenues generated as individual income taxes under Title
869     59, Chapter 10, Part 1, Determination and Reporting of Tax Liability and Information, paid by
870     employees of the new digital media project as evidenced by payroll records from the digital
871     media company; or
872          (d) a combination of Subsections (7)(a), (b), and (c).
873          (8) "Payroll company" means a business entity that handles the payroll and becomes
874     the employer of record for the staff, cast, and crew of a motion picture production.
875          (9) "Refundable tax credit" means a refundable motion picture tax credit authorized
876     under Section 63N-8-103 and claimed under Section 59-7-614.5 or 59-10-1108.
877          (10) "Restricted account" means the Motion Picture Incentive Account created in
878     Section 63N-8-103.
879          (11) "Rural production" means a state-approved production in which at least 75% of
880     the total number of production days occur within:
881          (a) a county of the third, fourth, fifth, or sixth class[.]; or
882          (b) a county of the second class that has a national park within or partially within the
883     county's boundaries.
884          (12) "State-approved production" means a production under Subsections (2) and (5)
885     that is:
886          (a) approved by the office and ratified by the GO Utah board; and
887          (b) produced in the state by a motion picture company.
888          (13) "Tax credit amount" means the amount the office lists as a tax credit on a tax
889     credit certificate for a taxable year.
890          (14) "Tax credit certificate" means a certificate issued by the office that:
891          (a) lists the name of the applicant;
892          (b) lists the applicant's taxpayer identification number;

893          (c) lists the amount of tax credit that the office awards the applicant for the taxable
894     year; and
895          (d) may include other information as determined by the office.
896          Section 20. Section 63N-8-103 is amended to read:
897          63N-8-103. Motion Picture Incentive Account created -- Cash rebate incentives --
898     Refundable tax credit incentives.
899          (1) (a) There is created within the General Fund a restricted account known as the
900     Motion Picture Incentive Account, which the office shall use to provide cash rebate incentives
901     for state-approved productions by a motion picture company.
902          (b) All interest generated from investment of money in the restricted account shall be
903     deposited in the restricted account.
904          (c) The restricted account shall consist of an annual appropriation by the Legislature.
905          (d) The office shall:
906          (i) with the advice of the GO Utah board, administer the restricted account; and
907          (ii) make payments from the restricted account as required under this section.
908          (e) The cost of administering the restricted account shall be paid from money in the
909     restricted account.
910          (2) (a) A motion picture company or digital media company seeking disbursement of
911     an incentive allowed under an agreement with the office shall follow the procedures and
912     requirements of this Subsection (2).
913          (b) The motion picture company or digital media company shall provide the office with
914     an incentive request form, provided by the office, identifying and documenting the dollars left
915     in the state and new state revenues generated by the motion picture company or digital media
916     company for state-approved production, including any related tax returns by the motion picture
917     company, payroll company, digital media company, or loan-out corporation under Subsection
918     (2)(d).
919          (c) For a motion picture company, an independent certified public accountant shall:

920          (i) review the incentive request form submitted by the motion picture company; and
921          (ii) provide a report on the accuracy and validity of the incentive request form,
922     including the amount of dollars left in the state, in accordance with the agreed upon procedures
923     established by the office by rule.
924          (d) The motion picture company, digital media company, payroll company, or loan-out
925     corporation shall provide the office with a document that expressly directs and authorizes the
926     State Tax Commission to disclose the entity's tax returns and other information concerning the
927     entity that would otherwise be subject to confidentiality under Section 59-1-403 or Section
928     6103, Internal Revenue Code, to the office.
929          (e) The office shall submit the document described in Subsection (2)(d) to the State
930     Tax Commission.
931          (f) Upon receipt of the document described in Subsection (2)(d), the State Tax
932     Commission shall provide the office with the information requested by the office that the
933     motion picture company, digital media company, payroll company, or loan-out corporation
934     directed or authorized the State Tax Commission to provide to the office in the document
935     described in Subsection (2)(d).
936          (g) Subject to Subsection (3), for a motion picture company the office shall:
937          (i) review the incentive request form from the motion picture company described in
938     Subsection (2)(b) and verify that the incentive request form was reviewed by an independent
939     certified public accountant as described in Subsection (2)(c); and
940          (ii) based upon the independent certified public accountant's report under Subsection
941     (2)(c), determine the amount of the incentive that the motion picture company is entitled to
942     under the motion picture company's agreement with the office.
943          (h) Subject to Subsection (3), for a digital media company, the office shall:
944          (i) ensure the digital media project results in new state revenues; and
945          (ii) based upon review of new state revenues, determine the amount of the incentive
946     that a digital media company is entitled to under the digital media company's agreement with

947     the office.
948          (i) Subject to Subsection (3), if the incentive is in the form of a cash rebate, the office
949     shall pay the incentive from the restricted account to the motion picture company,
950     notwithstanding Subsections 51-5-3(23)(b) and 63J-1-105(6).
951          (j) If the incentive is in the form of a refundable tax credit under Section 59-7-614.5 or
952     59-10-1108, the office shall:
953          (i) issue a tax credit certificate to the motion picture company or digital media
954     company; and
955          (ii) provide a digital record of the tax credit certificate to the State Tax Commission.
956          (k) A motion picture company or digital media company may not claim a motion
957     picture tax credit under Section 59-7-614.5 or 59-10-1108 unless the motion picture company
958     or digital media company has received a tax credit certificate for the claim issued by the office
959     under Subsection (2)(j)(i).
960          (l) A motion picture company or digital media company may claim a motion picture
961     tax credit on the motion picture company's or the digital media company's tax return for the
962     amount listed on the tax credit certificate issued by the office.
963          (m) A motion picture company or digital media company that claims a tax credit under
964     Subsection (2)(l) shall retain the tax credit certificate and all supporting documentation in
965     accordance with Subsection 63N-8-104(6).
966          (3) (a) Subject to this Subsection (3), the office may issue $6,793,700 in tax credit
967     certificates under this part in each fiscal year.
968          (b) For the fiscal year ending June 30, 2022, the office may issue $8,393,700 in tax
969     credit certificates under this part.
970          (c) For [a fiscal year beginning on or after July 1, 2022] fiscal years 2023 and 2024, in
971     addition to the amount of tax credit certificates authorized under Subsection (3)(a), the office
972     may issue $12,000,000 in tax credit certificates under this part only for rural productions.
973          (d) If the office does not issue tax credit certificates in a fiscal year totaling the amount

974     authorized under this Subsection (3), the office may carry over that amount for issuance in
975     subsequent fiscal years.
976          Section 21. Section 63N-13-101 is amended to read:
977          63N-13-101. Title -- Projects to assist companies to secure new business with
978     federal, state, and local governments.
979          (1) This chapter is known as "Procurement Programs."
980          (2) The Legislature recognizes that:
981          (a) many Utah companies provide products and services which are routinely procured
982     by a myriad of governmental entities at all levels of government, but that attempting to
983     understand and comply with the numerous certification, registration, proposal, and contract
984     requirements associated with government procurement often raises significant barriers for
985     those companies with no government contracting experience;
986          (b) the costs associated with obtaining a government contract for products or services
987     often prevent most small businesses from working in the governmental procurement market;
988          (c) currently a majority of federal procurement opportunities are contracted to
989     businesses located outside of the state;
990          (d) the office currently administers programs and initiatives that help create and grow
991     companies in Utah and recruit companies to Utah through the use of state employees,
992     public-private partnerships, and contractual services; and
993          (e) there exists a significant opportunity for Utah companies to secure new business
994     with federal, state, and local governments.
995          (3) The office, through its executive director:
996          (a) shall manage and direct the administration of state and federal programs and
997     initiatives whose purpose is to procure federal, state, and local governmental contracts;
998          (b) may require program accountability measures; and
999          (c) may receive and distribute legislative appropriations and public and private grants
1000     for projects and programs that:

1001          (i) are focused on growing Utah companies and positively impacting statewide
1002     revenues by helping these companies secure new business with federal, state, and local
1003     governments;
1004          (ii) provide guidance to Utah companies interested in obtaining new business with
1005     federal, state, and local governmental entities;
1006          (iii) would facilitate marketing, business development, and expansion opportunities for
1007     Utah companies in cooperation with the office's [Procurement Technical Assistance Center
1008     Program] APEX accelerator program and with public, nonprofit, or private sector partners such
1009     as local chambers of commerce, trade associations, or private contractors as determined by the
1010     office's director to successfully match Utah businesses with government procurement
1011     opportunities; and
1012          (iv) may include the following components:
1013          (A) recruitment, individualized consultation, and an introduction to government
1014     contracting;
1015          (B) specialized contractor training for companies located in Utah;
1016          (C) a Utah contractor matching program for government requirements;
1017          (D) experienced proposal and bid support; and
1018          (E) specialized support services.
1019          (4) (a) The office, through its executive director, shall make any distribution referred to
1020     in Subsection (3) on a semiannual basis.
1021          (b) A recipient of money distributed under this section shall provide the office with a
1022     set of standard monthly reports, the content of which shall be determined by the office to
1023     include at least the following information:
1024          (i) consultive meetings with Utah companies;
1025          (ii) seminars or training meetings held;
1026          (iii) government contracts awarded to Utah companies;
1027          (iv) increased revenues generated by Utah companies from new government contracts;

1028          (v) jobs created;
1029          (vi) salary ranges of new jobs; and
1030          (vii) the value of contracts generated.
1031          Section 22. Section 63N-17-202 is amended to read:
1032          63N-17-202. Infrastructure and broadband coordination.
1033          (1) The broadband center shall partner with the Utah Geospatial Resource Center
1034     created in Section 63A-16-505 to collect and maintain a database and interactive map that
1035     displays economic development data statewide, including:
1036          (a) voluntarily submitted broadband availability, speeds, and other broadband data;
1037          (b) voluntarily submitted public utility data;
1038          (c) workforce data, including information regarding:
1039          (i) enterprise zones designated under Section 63N-2-206;
1040          (ii) public institutions of higher education; and
1041          (iii) [procurement technical assistance centers] APEX accelerators;
1042          (d) transportation data, which may include information regarding railway routes,
1043     commuter rail routes, airport locations, and major highways;
1044          (e) lifestyle data, which may include information regarding state parks, national parks
1045     and monuments, United States Forest Service boundaries, ski areas, golf courses, and hospitals;
1046     and
1047          (f) other relevant economic development data as determined by the office, including
1048     data provided by partner organizations.
1049          (2) The broadband center may:
1050          (a) make recommendations to state and federal agencies, local governments, the
1051     governor, and the Legislature regarding policies and initiatives that promote the development
1052     of broadband-related infrastructure in the state and help implement those policies and
1053     initiatives;
1054          (b) facilitate coordination between broadband providers and public and private entities;

1055          (c) collect and analyze data on broadband availability and usage in the state, including
1056     Internet speed, capacity, the number of unique visitors, and the availability of broadband
1057     infrastructure throughout the state;
1058          (d) create a voluntary broadband advisory committee, which shall include broadband
1059     providers and other public and private stakeholders, to solicit input on broadband-related policy
1060     guidance, best practices, and adoption strategies;
1061          (e) work with broadband providers, state and local governments, and other public and
1062     private stakeholders to facilitate and encourage the expansion and maintenance of broadband
1063     infrastructure throughout the state; and
1064          (f) in accordance with the requirements of Title 63J, Chapter 5, Federal Funds
1065     Procedures Act, and in accordance with federal requirements:
1066          (i) apply for federal grants;
1067          (ii) participate in federal programs; and
1068          (iii) administer federally funded broadband-related programs.
1069          Section 23. Section 63N-18-102 is amended to read:
1070     
CHAPTER 18. UTAH CENTER FOR IMMIGRATION AND INTEGRATION

1071     
Part 1. General Provisions

1072          63N-18-102. Definitions.
1073          As used in this chapter:
1074          (1) "Center" means the Utah [Immigration Assistance Center] Center for Immigration
1075     and Integration created in Section 63N-18-201.
1076          (2) "Foreign labor" means one or more individuals from a nation other than the United
1077     States who are eligible to participate in visa programs established by the federal government to
1078     work in the state.
1079          (3) "Foreign labor [programs" means programs] program" means a program
1080     established by the United States Department of Labor to bring eligible foreign individuals to
1081     the United States for employment opportunities.

1082          (4) "Immigrant integration" means a dynamic two-way process in which immigrant
1083     communities and host communities work together to build a cohesive and vibrant society that
1084     has respect for unique cultural differences.
1085          Section 24. Section 63N-18-201, which is renumbered from Section 63N-18-103 is
1086     renumbered and amended to read:
1087     
Part 2. Utah Center for Immigration and Integration

1088          [63N-18-103].      63N-18-201. Creation of the Utah Center for Immigration
1089     and Integration -- Responsibilities of the center.
1090          (1) There is created within the Governor's Office of Economic Opportunity the Utah
1091     [Immigration Assistance] Center for Immigration and Integration.
1092          (2) The center shall:
1093          [(a) coordinate and provide technical support for businesses in the state that intend to
1094     utilize federal foreign labor programs;]
1095          [(b) provide outreach and information to businesses that could benefit from foreign
1096     labor programs;]
1097          [(c) coordinate with state and federal government partners to facilitate the successful
1098     use of foreign labor programs on behalf of businesses in the state; and]
1099          [(d) coordinate with other entities engaged in international efforts.]
1100          (a) assist individuals and businesses in the state with identifying pathways for
1101     recruiting and retaining foreign labor;
1102          (b) coordinate with state agencies in developing and administering policies and
1103     programs related to immigrant integration;
1104          (c) develop and implement a statewide strategy for immigrant integration that promotes
1105     economic opportunities for immigrant communities in the state;
1106          (d) create and convene a task force to review and make recommendations regarding the
1107     state's policies on immigrant integration;
1108          (e) develop sustainable partnerships with local officials, the business sector, and

1109     community organizations serving immigrant communities in the state; and
1110          (f) advise and make recommendations to the governor, state agencies, and the
1111     Legislature regarding immigrant integration and foreign labor issues.
1112          (3) The center may not encourage a business to bypass state residents for the business's
1113     workforce needs.
1114          (4) The center may, in accordance with Title 63G, Chapter 3, Utah Administrative
1115     Rulemaking Act, make rules to carry out the center's responsibilities under this chapter.
1116          Section 25. Section 63N-18-202, which is renumbered from Section 63N-18-104 is
1117     renumbered and amended to read:
1118          [63N-18-104].      63N-18-202. Annual report.
1119          The office shall include in the annual written report described in Section 63N-1a-306, a
1120     report of the center's operations, including:
1121          (1) a description of the center's activities regarding immigrant integration;
1122          [(1)] (2) the number of businesses that received assistance in utilizing foreign labor
1123     programs;
1124          [(2)] (3) the number of [individuals who were able to work in the state as a result of
1125     foreign labor programs] employment-based immigration visas issued for individuals to secure
1126     employment opportunities in the state, including the primary employers associated with the
1127     visas; and
1128          [(3)] (4) recommendations regarding:
1129          (a) changes that would improve the center; and
1130          (b) the task force described in Subsection 63N-18-201(2)(d).
1131          Section 26. Repealer.
1132          This bill repeals:
1133          Section 63N-3-109, Financial assistance to entities offering economic opportunities.
1134          Section 63N-18-101, Title.