Title 53H, Title 53H: Higher Education

53H-9-204. Institutional right to receive and convert grants, gifts, devises, or bequests. (1) Each institution may convert property received by gift, grant, devise, or bequest, and not suitable for its use, into other property or into money. All property received or converted un…

53H-9-205. Property exempt from taxes and assessments. The property of the institutions governed by the board is exempt from all taxes and assessments.

53H-9-206. Development of university property. (1) As used in this section: "Board of trustees" means the board of trustees of an eligible university. "Conflict" means a situation in which a board of trustees member or a family member of a board of trustees member will or is like…

53H-9-301. General provisions -- Definitions. Reserved.

53H-9-302. Financing of projects or buildings -- Issuance of bonds -- Sale price determined by board -- Payment of bonds -- Bonds exempt from income taxation. (1) To pay all or part of the cost of the acquisition, purchase, construction, improvement, remodeling, addition to, exte…

53H-9-303. Bonds do not create state indebtedness -- Special obligations -- Discharge of bonded indebtedness -- Agreements and covenants by the board regarding bonds -- Enforcement by court action. (1) The bonds issued under this part are not an indebtedness of the state, of the …

53H-9-304. Agreements with federal government for funds. The board may enter into an agreement with the federal government in order to obtain funds for the following purposes: (1) to supplement bond proceeds used to pay for the projects referred to in Section; and 53H-9-302 (2) t…

53H-9-305. Deposit of bond proceeds -- Division of Facilities Construction and Management responsibilities and approval. (1) The board treasurer or other fiscal officer, with the approval of the state treasurer, deposits the proceeds from the sale of bonds under this part into a …

53H-9-306. Disposition and use of income from operation of buildings -- Payment of principal and interest on bonds. (1) Except for the revenues paid directly to a trustee under Subsection, all income and revenues from the operation of the buildings under this part are deposited a…

53H-9-307. Examination and certification of bonds by attorney general -- Recital of certification -- Incontestability of bonds. (1) The resolutions and proceedings authorizing the issuance and confirming sale of bonds under this part are submitted to the attorney general for exam…

53H-9-308. Investment in bonds by private and public entities -- Approval as collateral security. (1) Any bank, savings and loan association, trust, or insurance company organized under the laws of this state or federal law may invest the bank's capital and surplus in bonds issue…

53H-9-309. Financing project by contract or lease agreement instead of by bond issue -- Authority of board -- Term of lease -- Terms of agreement -- Board covenants. (1) Whenever the board, by resolution, finds and declares it preferable to acquire a project under this part by pu…

53H-9-310. Student building fees. (1) The board issuing bonds under this part may impose and collect student building fees from all students in attendance at the institution in behalf of which the bonds are issued. (2) The board may also pledge the fees in the same manner provide…

53H-9-311. Refunding bonds -- Issuance -- Proceeds -- Limitations. (1) Bonds may be issued under this part for the purpose of refunding any bonds previously issued under authority of this part, if: the bonds to be refunded are due or callable, redeemable, or repurchasable by the …

53H-9-312. Authorized loans for acquisition, construction, furnishing, and equipping of projects -- Evidence of indebtedness -- Provisions -- Agreements with lending institutions -- Satisfaction and discharge -- Exemption from taxation. (1) For the purpose of paying all or part o…

53H-9-313. Financing projects and buildings -- Security instruments -- Terms. (1) In connection with the financing of any project or building under this part, the board, on behalf of an institution of higher education, may grant a purchase money mortgage, trust deed, or other sec…

53H-9-314. Limitation on issuance of bonds. No bonds may be authorized or issued by the board or the board of any institution under this part without the prior approval of the Legislature.

53H-9-315. Revenue bond authorizations. (1) The Utah Board of Higher Education, formerly the Board of Regents, on behalf of the institutions listed below, may issue, sell, and deliver revenue bonds or other evidences of indebtedness to borrow money on the credit of the income and…

53H-9-401. General provisions -- Definitions. Reserved.

53H-9-402. Buildings and facilities -- Board approval of construction and purchases -- Rules. (1) The board shall approve all new construction, repair, or purchase of educational and general buildings and facilities financed from any source at all institutions subject to the juri…

53H-9-403. Powers of state board -- Capital facilities projects -- Exceptions. (1) As used in this section, "capital facilities projects and buildings" includes any one or more institutional projects and buildings. (2) The board, on behalf of the institutions of higher education,…

53H-9-404. Notice to local government when constructing student housing. (1) Each institution that intends to construct student housing on property owned by the institution shall provide written notice of the intended construction, as provided in Subsection, before any funds are …

53H-9-405. Higher education student housing feasibility study. An employee of the governor's office who is an expert or advisor on housing strategy shall, in consultation with the commissioner of higher education: (1) complete a feasibility study that: examines the impact of high…

53H-9-501. General provisions -- Definitions. As used in this part: (1) "Capital development" means the same as capital development project, as defined in Section. 63A-5b-401 (2) "Consumer Price Index" means the Consumer Price Index for All Urban Consumers as published by the Bur…

53H-9-502. Higher Education Capital Projects Fund -- Use of money in fund -- Appropriations to fund -- Administration of fund. (1) There is created a capital projects fund known as the Higher Education Capital Projects Fund. (2) Subject to appropriation, money in the fund shall b…

53H-9-503. Fund money -- Degree-granting institution allocations. (1) Based on appropriations to the fund, the board shall annually determine how to allocate among all degree-granting institutions money that has not been previously allocated to a degree-granting institution. The …

53H-9-504. Funding request for capital development project -- Legislative approval -- Board prioritization, approval, and review. (1) In accordance with this section, a degree-granting institution is required to receive legislative approval in an appropriations act for a dedicate…

53H-9-601. General provisions -- Definitions. As used in this part: (1) "Capital development" means the same as capital development project, as defined in Section. 63A-5b-401 (2) "Competency-based" means mastery of subject matter or skill level, as demonstrated through business a…

53H-9-602. Leasing authority -- Lease-purchase agreements -- Report. (1) A technical college may enter into a lease with other higher education institutions, school districts, charter schools, state agencies, or business and industry for a term of: one year or less with the appro…

53H-9-603. Technical colleges -- Relationships with other public and higher education institutions -- Agreements -- Priorities -- New capital facilities. (1) As used in this section, "higher education institution" means: Utah State University for: Bridgerland Technical College; T…

53H-9-604. Legislative approval -- Capital development projects -- Prioritization. (1) As used in this section: "Consumer Price Index" means the Consumer Price Index for All Urban Consumers as published by the Bureau of Labor Statistics of the United States Department of Labor. "…

53H-9-605. Technical Colleges Capital Projects Fund -- Use of money in fund -- Appropriations to fund -- Administration of fund. (1) As used in this section, "fund" means the Technical Colleges Capital Projects Fund created in this section. (2) There is created a capital projects…