Section 35A-8-1607 - Division to distribute money - Annual report - Administration costs(1) The division shall distribute loan and grant money if the loan or grant is approved by the board.(2) The division shall provide an annual report to the department concerning the number and type of loans and grants made as well as a list of recipients of this assistance for inclusion in the department's annual written report described in Section 35A-1-109.(3) The division, with board approval, may use fund money for the administration of the fund, but this amount may not exceed 2% of the annual receipts to the fund.Amended by Chapter 371, 2014 General Session ,§ 20, eff. 5/13/2014.Amended by Chapter 255, 2013 General Session ,§ 9, eff. 5/14/2013.Renumbered from 9-10-107 and amended by Chapter 212, 2012 General Session ,§ 145, eff. 7/1/2012.Amended by Chapter 135, 1997 General SessionAmended by Chapter 35, 1997 General Session