Industrial Assistance Account created -- Uses -- Administrator duties -- Costs.

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  • (1) There is created a restricted account within the General Fund known as the "Industrial Assistance Account".
  • (2) The administrator shall administer the restricted account.
  • (3) The administrator may hire appropriate support staff to perform the duties required under this section.
  • (4) The cost of administering the restricted account shall be paid from money in the restricted account.
  • (5) Interest accrued from investment of money in the restricted account shall remain in the restricted account.
  • (6) The office shall review the activities and progress of grant recipients under this chapter on a regular basis and, as part of the office's annual written report described in Section 63N-1a-306, report on the economic impact of activities funded by each grant.




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