Section 63N-21-203 - Board duties and powers(1) The board shall: (a) manage and conduct the business and affairs of the innovation lab and determine all questions of innovation lab policy;(b) consistent with this chapter, establish policies, procedures, and strategies for the administration of the Utah innovation fund, including eligibility criteria, application requirements, performance metrics, and reporting requirements for a qualified business to receive a qualified investment from the Utah innovation fund; and(c) approve any decision of the Utah innovation fund to make a qualified investment.(2) The board may establish independent committees for the purpose of assisting the board in an advisory role.Added by Chapter 38, 2023 General Session ,§ 4, eff. 5/3/2023, technically renumbered to avoid duplication.