Title 53H, Title 53H: Higher Education

53H-8-204. Higher education cost disclosure. (1) Each institution within the Utah system of higher education shall, at the time of registration, plainly disclose to all of the institution's undergraduate resident students the following amounts, in dollar figures for a full-time e…

53H-8-205. Fiscal year. The fiscal year for each institution and for the board begins on July 1 and ends on June 30 in each year.

53H-8-206. Use of revenue for athletic gender equity. An institution of higher education shall annually use for the purposes described in Title IX of the Education Amendments of 1972, 20 U.S.C. Sec. 1681 et seq., an amount of revenue equal to the total amount of sales and use tax…

53H-8-207. Retention of net reimbursed overhead revenues. (1) For each fiscal year, all budget documents for the system of higher education shall reflect retention by the institutions' net reimbursed overhead revenues for support of research and related programs under policies es…

53H-8-208. Board designated state educational agent for federal contracts and aid -- Individual research grants -- Powers of institutions or foundations under authorized programs. (1) The board is the designated state educational agency authorized to negotiate and contract with t…

53H-8-209. Personal use expenditures for officers and employees of institutions of higher education. (1) As used in this section: "Employee" means a person who is not an elected or appointed officer and who is employed on a full- or part-time basis by an institution of higher edu…

53H-8-210. Higher education strategic reinvestment. (1) As used in this section: "Reinvestment funds" means the amount of money the Legislature appropriates to the board for strategic reinvestment in accordance with this section. "Strategic reinvestment plan" means a plan describ…

53H-8-211. Higher Education Research Funding Pilot Program. (1) As used in this section: "Institute board" means the same as that term is defined in Section. 53H-16-201 "Nucleus Institute" means the Nucleus Institute created in Section. 53H-16-202 "Program" means the pilot grant …

53H-8-212. Enrollment funding. (1) As used in this section, in alignment with Utah System of Higher Education data collection and reporting taxonomies: "Advanced graduate" means the level of a doctoral course at a degree-granting institution, including a juris doctorate degree. "…

53H-8-301. Definitions. As used in this part: (1) "Account" means the Performance Funding Restricted Account created in Section. 53H-8-302 (2) "Award" means a degree or certificate that an institution grants. (3) "Cohort" means a group of students, defined by the year in which th…

53H-8-302. Performance Funding Restricted Account -- Creation -- Deposits into account -- Legislative review. (1) As used in this section: "Account" means the Performance Funding Restricted Account created in Subsection. (2) "Baseline amount" means the simple five-year average am…

53H-8-303. Determination of full new performance funding amount -- Role of appropriations subcommittee -- Program review. (1) In accordance with this section, and based on money deposited into the account, the Legislature shall, as part of the higher education appropriations budg…

53H-8-304. Performance metrics for institutions -- Determination of performance. (1) The board shall establish a model for determining an institution's performance. The board shall: set a five-year goal for the Utah System of Higher Education for each metric described in Subsecti…

53H-8-305. Five-year performance goals. (1) As used in this section: "High-yield award" means the same as that term is defined in board policy under Subsection. 53H-8-304(3) "System" means the Utah System of Higher Education. (2) The goals the board establishes in accordance with…

53H-8-306. Reporting of estimated revenue growth from targeted jobs. (1) On or before October 1, 2030 and each subsequent fifth year, the Department of Workforce Services shall report to the Higher Education Appropriations Subcommittee on: the total wages in Utah according to the…

53H-8-307. Legislative audit. (1) Subject to prioritization of the Audit Subcommittee, the Office of the Legislative Auditor General established under Sectionshall in any fiscal year: 36-12-15 conduct an audit of money appropriated for performance funding; and prepare and submit …

53H-8-401. Definitions. As used in this part, "endowment" means the Higher Education Student Success Endowment created in Section.

53H-8-402. Higher Education Student Success Endowment. (1) There is created the Higher Education Student Success Endowment. (2) The endowment consists of: the proceeds from divestment of the dissolved Utah Higher Education Assistance Authority's loan portfolio; appropriations mad…

53H-8-403. Board duties. (1) The board shall: act as trustee of the endowment and exercise the state's fiduciary responsibilities; meet at least twice a year to conduct business on behalf of the endowment; review and approve all endowment policies, projections, rules, criteria, p…

53H-8-404. Grants and gifts to the authority. (1) To the extent otherwise allowed, a state entity may grant money or property to the endowment. (2) A person may make a contribution, gift, grant, bequest, devise, or loans to the endowment.

53H-8-501. General provisions -- Definitions. As used in this part: (1) "Conditional gift" means a gift as defined in Subsectionthat is subject to conditions: (4) imposed, requested, or provided by a foreign government or foreign person; and that relate to: what kinds of teachers…

53H-8-502. Foreign bank accounts for higher education purposes. (1) As used in this section, "foreign depository institution" is as defined in Section. 7-1-103 (2) In accordance with Subsection, an institution may deposit funds into a foreign depository institution for purposes o…

53H-8-503. Disclosure of foreign gifts to institutions -- Prohibition on restricted foreign entity funds. (1) Except as provided in Subsection, on or before July 31 of each year, an institution shall disclose to the board, by filing a disclosure report described in Subsection, a …

53H-8-601. Definitions. As used in this part: (1) "Bonds" means the bonds authorized to be issued by the board under this part, and may consist of bonds, notes, or debt obligations evidencing an obligation to repay borrowed money and payable solely from revenues and other money o…

53H-8-602. Powers of Utah Board of Higher Education. The board has the powers necessary to carry out the purposes of this part, including the following: (1) to accept gifts, grants, loans, and other aids or amounts from a person, corporation, or governmental agency; (2) to loan m…

53H-8-603. Issuance of bonds -- Disposition of funds -- Refunding bonds -- Resolution to authorize bonds -- Contents -- Sale of bonds -- Bond debt service reserve funds -- Restoration of fund assets -- Establishment of other subfunds. (1) The board may issue the board's bonds in …

53H-8-604. Agreements with bondholders unalterable. (1) Neither limitations or alterations of the rights vested in the board to fulfill the terms of an agreement made with bondholders nor impairment of the rights and remedies of those bondholders may occur until: the bonds, toget…

53H-8-605. Investments in bonds of the board. The bonds of the board are securities, in which public officers and bodies of this state, municipalities and municipal subdivisions, insurance companies and associations, persons carrying on an insurance business, banks, trust compani…

53H-8-606. Payment of funds -- Payment on warrants -- Contracts with bondholders -- Security. (1) The funds of the board, except as otherwise authorized or provided in this section, are paid to the state treasurer. (2) The money in the accounts is paid out on warrants signed by t…

53H-8-607. Bonds and interest exempt from taxation except corporate franchise tax. The bonds issued under this part and the interest on the bonds are exempt from all taxation in this state, except for the corporate franchise tax.

53H-8-608. Bond approval by attorney general incontestable after 30 days -- Recital of certification. (1) The attorney general shall examine the resolutions and proceedings authorizing the issuance and confirming the sale of bonds under this part. (2) Once examined and certified …

53H-8-609. Board pledges -- Attachment of lien -- Recording unnecessary. (1) A pledge made by the board is valid and binding from the time the pledge is made. (2) The money or property pledged and subsequently received by the board is immediately subject to the lien of the pledge…

53H-8-610. Default by board -- Appointment of a trustee -- Powers of the trustee and bondholders. (1) If the board defaults in the payment of principal of or interest on an issue of bonds after the issue becomes due, whether at maturity or upon call for redemption, and the defaul…

53H-8-611. Loans or purchase of obligations -- Rules -- Options -- Repayment of federally insured loans. (1) The board may purchase obligations from lenders or make loans to eligible borrowers, out of money available to the board for loans. The board shall promulgate rules for de…

53H-8-612. Separation of duties, responsibilities, funds, liabilities, and expenses -- Immunity from personal liability. (1) The duties, responsibilities, funds, liabilities, and expenses of the board under this part shall be maintained wholly separate and apart from the board's …

53H-8-613. Mandamus in Supreme Court -- Precedence. (1) If an official required by the proceeding authorizing bonds under this part to sign the bonds refuses to affix the official's signature to the bonds, or if the attorney general refuses to certify the bonds as legal obligatio…