30 March 2020 – Full access to the Industrial Assistance Account

Type of Intervention: Executive Order
Sectors Involved: Finance/Economy, Health, Local Government, Private Sector and Businesses, Social Services
Level of Jurisdiction: UT
Lead People/Agency: Govenor Gary R. Herbert

Overview: Executive Order 2020-10 suspends statue 63N-3-103(1)(b) of Utah Code that is related to the Industrial Assistance Account. This order allows the GOED to access up to 100% of the available, unencumbered funds of the Industrial Assistance Account. This suspension supports the Utah Leads Together Small Business Bridge Loan Program.
Full details here: https://rules.utah.gov/wp-content/uploads/Utah-Executive-Order-No.-2020-10.pdf

Type of Justification: Advice of INTERNAL government advisory committee or group, Advice of EXTERNAL expert advisor or advisory committee, Learning from other jurisdictions, Perception of an increased threat
Source of Evidence or Justification: World Health Organisation