Current through Bulletin 2024-23, December 1, 2024
Section R64-1-4 - Emergency Loan Program(1) The commission may provide ARDL funds to agriculture producers to provide emergency disaster relief based on unusual or extraordinary circumstances such as flood, drought, or other natural disasters if:(a) an emergency or natural disaster has been declared within the prior six months by an authorized federal, state, or county entity, including the Utah governor's office;(b) the parameters of the emergency loan program are established in policies and procedures adopted by the commission;(c) the commission or a UCC subcommittee approves the loans; and(d) the objectives of the loan program are consistent with state law.(2) The commission may exempt emergency loans from the requirements of in Section R64-1-3.(3) Emergency loan funds may not be used for projects that would normally be approved under the ARDL program.Adopted by Utah State Bulletin Number 2023-18, effective 8/29/2023