53B-7-702.  Definitions.
     As used in this part:

(1)  “Account” means the Performance Funding Restricted Account created in Section 53B-7-703.

Terms Used In Utah Code 53B-7-702

  • Account: means the Performance Funding Restricted Account created in Section 53B-7-703. See Utah Code 53B-7-702
  • Board: means the Utah Board of Higher Education described in Section 53B-1-402. See Utah Code 53B-1-101.5
  • degree-granting institution: means an institution of higher education described in Subsection 53B-1-102(1)(a). See Utah Code 53B-1-101.5
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Full-time: means the number of credit hours the board determines is full-time enrollment for a student. See Utah Code 53B-7-702
  • GO Utah office: means the Governor's Office of Economic Opportunity created in Section 63N-1a-301. See Utah Code 53B-7-702
  • Job: means an occupation determined by the Department of Workforce Services. See Utah Code 53B-7-702
  • New performance funding: means the difference between the total amount of money in the account and the amount of money appropriated from the account for performance funding in the current fiscal year. See Utah Code 53B-7-702
  • Performance: means total performance across the metrics described in Sections 53B-7-706 and 53B-7-707. See Utah Code 53B-7-702
  • State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
  • Technical college: means :
(a) the same as that term is defined in Section 53B-1-101. See Utah Code 53B-7-702
  • Technical education: means career and technical education that:Utah Code 53B-1-101.5
    • (2)  “Estimated revenue growth from targeted jobs” means the estimated increase in individual income tax revenue generated by individuals employed in targeted jobs, determined by the Department of Workforce Services in accordance with Section 53B-7-704.

    (3)  “Full new performance funding amount” means the maximum amount of new performance funding that a degree-granting institution or technical college may qualify for in a fiscal year, determined by the Legislature in accordance with Section 53B-7-705.

    (4)  “Full-time” means the number of credit hours the board determines is full-time enrollment for a student.

    (5)  “GO Utah office” means the Governor’s Office of Economic Opportunity created in Section 63N-1a-301.

    (6)  “Job” means an occupation determined by the Department of Workforce Services.

    (7)  “Membership hour” means 60 minutes of scheduled instruction provided by a technical college to a student enrolled in the technical college.

    (8)  “New performance funding” means the difference between the total amount of money in the account and the amount of money appropriated from the account for performance funding in the current fiscal year.

    (9)  “Performance” means total performance across the metrics described in Sections 53B-7-706 and 53B-7-707.

    (10)  “Research university” means the University of Utah or Utah State University.

    (11)  “Targeted job” means a job designated by the Department of Workforce Services or the GO Utah office in accordance with Section 53B-7-704.

    (12)  “Technical college” means:

    (a)  the same as that term is defined in Section 53B-1-101.5; and

    (b)  a degree-granting institution acting in the degree-granting institution’s technical education role described in Section 53B-2a-201.

    (13)  “Technical college graduate” means an individual who:

    (a)  has earned a certificate from an accredited program at a technical college; and

    (b)  is no longer enrolled in the technical college.

    Amended by Chapter 187, 2021 General Session, (Coordination Clause)
    Amended by Chapter 282, 2021 General Session
    Amended by Chapter 351, 2021 General Session
    Amended by Chapter 120, 2020 General Session, (Coordination Clause)

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