11-45-205 - Approval of loan by board. - Utah Statutes

11-45-205. Approval of loan by board.
(1) In approving a loan, the board shall:
(a) review the loan application, plans, and specifications for the project;
(b) determine whether or not to grant the loan by applying its eligibility criteria; and
(c) if the loan is granted, prioritize the energy efficiency project by applying its prioritycriteria.
(2) The board may provide conditions on a loan to ensure that:
(a) the proceeds of the loan will be used to pay the cost of the project; and
(b) the project will be completed.

Enacted by Chapter 72, 2010 General Session