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(1) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the office shall make rules establishing the eligibility and reporting criteria for an entity to receive a grant under this part, including:
(a) the form and process of submitting an application to the office for a grant;
(b) which entities are eligible to apply for a grant;
(c) the method and formula for determining grant amounts; and
(d) the reporting requirements of grant recipients.
(2) In determining the award of a grant, the office may prioritize projects:
(a) that will serve underprivileged or underserved communities, including communities with high unemployment or low median incomes;
(b) where an applicant demonstrates comprehensive planning of the project and the cooperation of high quality partners, including an institution of higher education; and
(c) that will create new high paying employment positions in rural areas that pay at least 125% of the average wage of the community in which the employment positions will exist.
(3) Subject to legislative appropriation, a grant may only be awarded by the executive director for a project in a rural area of the state.
Technically renumbered to avoid duplication of section number used in HB 296, Chapter 467.