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8 LONG TITLE
9 General Description:
10 This bill addresses the Rural Coworking and Innovation Center Grant Program.
11 Highlighted Provisions:
12 This bill:
13 ▸ modifies the circumstances under which a grant may be awarded under the Rural
14 Coworking and Innovation Center Grant Program; 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 63N-4-504, as enacted by Laws of Utah 2019, Chapter 467
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24 Be it enacted by the Legislature of the state of Utah:
25 Section 1. Section 63N-4-504 is amended to read:
26 63N-4-504. Requirements for awarding a working hubs grant.
27 (1) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the
28 office shall make rules establishing the eligibility and reporting criteria for an entity to receive
29 a grant under this part, including:
30 (a) the form and process of submitting an application to the office for a grant;
31 (b) which entities are eligible to apply for a grant;
32 (c) the method and formula for determining grant amounts; and
33 (d) the reporting requirements of grant recipients.
34 (2) In determining the award of a grant, the office may prioritize projects:
35 (a) that will serve underprivileged or underserved communities, including communities
36 with high unemployment or low median incomes;
37 (b) where an applicant demonstrates comprehensive planning of the project but has
38 limited access to financial resources, including financial resources from local or county
39 government; and
40 (c) that maximize economic development opportunities in collaboration with the
41 economic development needs or plans of an educational institution, a county, and a
42 municipality.
43 (3) Subject to legislative appropriation, a grant may only be awarded by the executive
44 director after consultation with the advisory committee.
45 (4) A grant may only be awarded under this part:
46 (a) if the grant recipient agrees to:
47 (i) provide any combination of funds, land, buildings, or in-kind work in an amount
48 equal to at least 25% of the grant;
49 (ii) (A) for a grant awarded for construction or renovation of a coworking and
50 innovation center, allow use of the center for seven or more years in the rural area where the
51 center is located; or
52 (B) for a grant awarded for extending or improving utilities or broadband service
53 connections to a coworking and innovation center or for purchasing equipment, furniture, or
54 security systems for a coworking and innovation center, allow use of the center for five or more
55 years in the rural area where the center is located; and
56 [
57 operation or maintenance of a coworking and innovation center; and
58 [