Utah Code § 63N-3-107: Agreements.

The administrator shall enter into agreements with each successful applicant that have specific terms and conditions for each loan, grant, or financial assistance under this part, including:

(1) for a loan:

(a) repayment schedules;

(b) interest rates;

(c) specific economic activity required to qualify for the loan or for repayment credits;

(d) collateral or security, if any; and

(e) other terms and conditions considered appropriate by the administrator; and

(2) for a grant or other financial assistance:

(a) requirements for compliance monitoring;

(b) repayment for nonperformance or departure from the state;

(c) collateral or security, if any; and

(d) other terms and conditions considered appropriate by the administrator.