H.B. 247 Enrolled

1

WATER DEVELOPMENT AMENDMENTS
2 2011 GENERAL SESSION
3 STATE OF UTAH
4 Chief Sponsor: Michael E. Noel
5 Senate Sponsor: Ralph Okerlund
6
7 LONG TITLE
8 General Description:
9 This bill provides for an origination fee for certain federally-funded water development
10 loans.
11 Highlighted Provisions:
12 This bill:
13 . provides for an origination fee for certain federally-funded water development
14 loans; and
15 . makes technical changes.
16 Money Appropriated in this Bill:
17 None
18 Other Special Clauses:
19 None
20 Utah Code Sections Affected:
21 AMENDS:
22 73-10c-10, as last amended by Laws of Utah 2009, Chapter 183
23
24 Be it enacted by the Legislature of the state of Utah:
25 Section 1. Section 73-10c-10 is amended to read:
26 73-10c-10. Origination fee.
27 (1) The Drinking Water Board and the Water Quality Board may establish an
28 origination fee for a loan to fund the administration of the programs created by this chapter by
29 following the procedures and requirements of Section 63J-1-504 .

30 (2) The Drinking Water Board may establish an origination fee for a federally funded
31 loan to fund the administration of programs allowed by 42 U.S.C. Sec. 300j-12, and regulations
32 created thereunder, by following the procedures and requirements of Section 63J-1-504 .
33 [(2) The] (3) An origination fee established in accordance with this section shall be
34 part of the department fee schedule established under Section 19-1-201 .
35 [(3)] (4) Notwithstanding the requirements of Section 63J-1-504 , the board shall
36 deposit [the] a fee paid in accordance with this section in the origination fee subaccount created
37 in Section 73-10c-5 and use the fee to administer this chapter.
38 [(4)] (5) The loan recipient may pay the origination fee from the loan proceeds.