1. (1) There is created a restricted account within the General Fund known as the "Industrial Assistance Account."
2. (2) The account consists of appropriations made by the Legislature.
3. (3) The administrator shall administer the restricted account.
4. (4) The administrator may hire appropriate support staff to perform the duties required under this section.
5. (5) The cost of administering the restricted account shall be paid from money in the restricted account.
6. (6) Interest accrued from investment of money in the restricted account shall remain in the restricted account.
7. (7) The office shall review the activities and progress of grant recipients under this chapter on a regular basis and, as part of the office's annual written report described in Section 63N-1a-306, report on the economic impact of activities funded by each grant.

Amended by Chapter 379, 2026 General Session