63M-1-304 - Governor's Office of Economic Development -- Powers and duties of office -- Consulting with board on funds or services provided by office.
63M-1-304. Governor's Office of Economic Development -- Powers and duties ofoffice -- Consulting with board on funds or services provided by office.
(1) For the purposes of this section:
(a) "National recruitment" means the recruitment to the state of business, industry, orcommerce if, at the time of the recruitment, the business, industry, or commerce is principallylocated in the United States.
(b) "Private entity" means a private person, corporation, company, or organization.
(2) (a) The office shall obtain the advice of the board prior to an imposition of or changeto a policy, priority, or objective under which the office operates.
(b) Subsection (2)(a) does not apply to the routine administration by the office of fundsor services related to assistance, retention, or recruitment of business, industry, or commerce inthis state.
(3) The office shall:
(a) be the industrial promotion authority of the state;
(b) promote and encourage the economic, commercial, financial, industrial, agricultural,and civic welfare of the state;
(c) do all lawful acts to create, develop, attract, and retain business, industry, andcommerce within the state; and
(d) do other acts that enhance the economy of the state.
(4) The office may:
(a) enter into contracts or agreements with, or make grants to, public or private entities,including municipalities, in the furtherance of its duties where the contracts or agreements are notin violation of the Constitution or statutes of the state; and
(b) receive and expend funds available from any source, public or private, in any mannerand for any lawful purpose in the best interest of the state in the discharge of their obligationsunder this part.
(5) The director or the director's designee shall consult with the board at each meeting ofthe board regarding the administration by the office of funds or services related to assistance,retention, or recruitment of business, industry, or commerce in the state.
Renumbered and Amended by Chapter 382, 2008 General Session