R357-44-102. Definitions

(1) As used in this program: (a) "USBCI" means the State Small Business Credit Initiative Program Fund; (b) "Financial institution" means an organization that meets USBCI requirements to participate as a lending institution; (c)(i) "Annual receipts" means grants made by the federal government and state legislative appropriations; (ii) "Annual receipts" does not include program income; (d) "Program income" means fees and interest income generated by participation in the program; (e) "USBCI Advisory Board" means a Board consisting of members of industry and Go Utah; (f) "USBCI Loan Review Committee" means an operational Committee, consisting of members of the Go Utah operations team and at least one member from industry; and (g) "Red-flag" means an occurrence when a loan, borrower, or lender exceeds a threshold or violates a term and is sent to the USBCI Loan Review Committee for review.