Section 63N-3-111 - Annual policy considerations(1)(a) The office shall make recommendations to state and federal agencies, local governments, the governor, and the Legislature regarding policies and initiatives that promote the economic development of targeted industries.(b) The office may create one or more voluntary advisory committees that may include public and private stakeholders to solicit input on policy guidance and best practices in encouraging the economic development of targeted industries.(2) The administrator may establish: (a) minimum interest rates to be applied to loans granted that reflect a fair social rate of return to the state comparable to prevailing market-based rates such as the prime rate, U.S. Government T-bill rate, or bond coupon rate as paid by the state, adjusted by social indicators such as the rate of unemployment; and(b) minimum applicant expense ratios, as long as they are at least equal to those required under Subsection 63N-3-105(2).Amended by Chapter 159, 2024 General Session ,§ 25, eff. 5/1/2024.Amended by Chapter 499, 2023 General Session ,§ 11, eff. 5/3/2023.Amended by Chapter 200, 2022 General Session ,§ 15, eff. 5/4/2022.Amended by Chapter 282, 2021 General Session ,§ 109, eff. 7/1/2021.Amended by Chapter 182, 2018 General Session ,§ 12, eff. 7/1/2018.Renumbered from § 63M-1-910 and amended by Chapter 283, 2015 General Session ,§ 157, eff. 5/12/2015.Amended by Chapter 310, 2013 General Session ,§ 58, eff. 5/14/2013.Renumbered and Amended by Chapter 382, 2008 General Session