The UBRF Board may authorize grants and loans (historically all grants) to agencies of Duchesne County, Uintah County or the Ute Indian Tribe that are or may be socially or economically impacted, directly or indirectly, by development of oil and gas interests held in trust for the Ute Indian Tribe.
The Uintah Basin Revitalization Fund was created to maximize the long-term benefit of oil and gas severance taxes derived from lands held in trust by the federal government for the Ute Tribe of the Uintah and Ouray Reservation. It was construed to promote cooperation and coordination between the state, its political subdivisions and the tribe.
Once projects are approved they must be completed within 2 years.