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Download Zipped Introduced WP 6.1 HB0220.zip
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Dissolution of Utah Technology Finance Corporation would return about $1,345,000 to the State in FY 2000, while requiring an appropriation of $58,400. Second year collection costs would increase to $93,500, but actual collections would be slightly less ($1,013,000 for the State). Loan collections also include federal funds which would be returned to the federal government. Loan collection would continue until FY 2004. UTFC has nine full-time employees and two part-time employees. Their building at 177 East 100 South, Salt Lake City would be transferred to the State. UTFC currently administers revolving loan funds for Salt Lake County and the five County Association of Governments. Passage of this bill would require those two agencies to contract or hire someone else to administer those loan funds.
| FY 00 Approp. | FY 01 Approp. | FY 00 Revenue | FY 01 Revenue | |
| General Fund | $58,400 | $93,500 | $1,345,000 | $1,013,000 |
| TOTAL | $58,400 | $93,500 | $1,345,000 | $1,013,000 |
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1/21/99 8:40:18 AM
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