Community and Culture, Olene Walker Housing Trust Fund

Rule R235-1

Olene Walker Housing Loan Fund (OWHLF)

Five-Year Notice of Review and Statement of Continuation

DAR File No.: 34463
Filed: 02/24/2011 12:06:14 PM

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Pursuant to Section 9-4-701 et seq., Subsection 9-4-702(1)(a), and by reference 24 CFR 84-85 as authorized under Sections 9-4-703 through 9-4-708, the Olene Walker Housing Loan Fund (OWHLF) Board determines how federal and state monies deposited to the fund shall be allocated and distributed.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

No written comments have been received.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

The law requires this rule be in place. The OWHLF's objective is to develop housing that is affordable to very low, low, and moderate-income persons through a fair and competitive process. Therefore, this rule should be continued. An amendment to this rule was submitted on 02/22/2011. (DAR NOTE: The proposed amendment to Rule R235-1 is under DAR No. 34463 in this issue, March 15, 2011, of the Bulletin.)

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

Direct questions regarding this rule to:

• Matt Turner at the above address, by phone at 801-368-1173, by FAX at 801-538-8888, or by Internet E-mail at mjturner@utah.gov

Authorized by:

Michael Hansen, Interim Executive Director

Effective:

02/24/2011