9-10-107. Division to distribute monies -- Annual report -- Administration costs.
(1) The division shall distribute loan and grant monies if the loan or grant is approved by
the board.
(2) The division shall make an annual report concerning the number and type of loans and
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 monies for the administration of the
fund, 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
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Last revised: Thursday, May 28, 2009