53G-5-602.  Utah Charter School Finance Authority created — Members — Compensation — Services.

(1)  There is created a body politic and corporate known as the Utah Charter School Finance Authority. The authority is created to provide an efficient and cost-effective method of financing charter school facilities.

Terms Used In Utah Code 53G-5-602

  • Authority: means the Utah Charter School Finance Authority created by this part. See Utah Code 53G-5-601
  • Board: means the governing board of the authority described in Section 53G-5-602. See Utah Code 53G-5-601
  • Charter school: means a school created under this chapter. See Utah Code 53G-5-601
  • 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
(2)  The governing board of the authority shall be composed of:

(a)  the governor or the governor’s designee;

(b)  the state treasurer; and

(c)  the state superintendent or the state superintendent’s designee.

(3)  A member may not receive compensation or benefits for the member’s service, but may receive per diem and travel expenses in accordance with:

(a)  Section 63A-3-106;

(b)  Section 63A-3-107; and

(c)  rules made by the Division of Finance pursuant to Sections 63A-3-106 and 63A-3-107.

(4)  Upon request, the state board shall provide staff support to the authority.

Amended by Chapter 293, 2019 General Session