Rulemaking.

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  • (1) establish an application process for an individual to apply for an incentive loan;
  • (2) subject to Section 53B-10-202, establish qualifying criteria for an individual to receive an incentive loan;
  • (3) establish how state funding available for incentive loans is divided among institutions;
  • (4) establish how to determine an amount of money for an incentive loan;
  • (5) establish the circumstances under which an institution may:
    • (a) cancel an incentive loan; or
    • (b) waive or delay repayment of an incentive loan; and
  • (6) administer the program.




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