63J-2-102.  Definitions.
     As used in this chapter:

(1) 

Terms Used In Utah Code 63J-2-102

  • Agency: means each department, commission, board, council, agency, institution, officer, corporation, fund, division, office, committee, authority, laboratory, library, unit, bureau, panel, or other administrative unit of the state. See Utah Code 63J-2-102
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Dedicated credits: means the same as that term is defined in Section 63J-1-102. See Utah Code 63J-2-102
  • Fiduciary: A trustee, executor, or administrator.
  • Independent agency: means the Utah State Retirement Office and the Utah Housing Corporation. See Utah Code 63J-2-102
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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
(a)  “Agency” means each department, commission, board, council, agency, institution, officer, corporation, fund, division, office, committee, authority, laboratory, library, unit, bureau, panel, or other administrative unit of the state.

(b)  “Agency” does not include the legislative branch, the Utah Board of Higher Education, the Utah Higher Education Assistance Authority, the board of trustees of each higher education institution, each higher education institution and its associated branches, centers, divisions, institutes, foundations, hospitals, colleges, schools, or departments, a public education entity, or an independent agency.

(2)  “Dedicated credits” means the same as that term is defined in Section 63J-1-102.

(3)  “Fees” means revenue collected by an agency for performing a service or providing a function that the agency deposits or accounts for as dedicated credits.

(4) 

(a)  “Governmental fund” means funds used to account for the acquisition, use, and balances of expendable financial resources and related liabilities using a measurement focus that emphasizes the flow of financial resources.

(b)  “Governmental fund” does not include internal service funds, enterprise funds, capital projects funds, debt service funds, or fiduciary funds as established in Section 51-5-4.

(5)  “Independent agency” means the Utah State Retirement Office and the Utah Housing Corporation.

(6)  “Program” means the same as that term is defined in Section 63J-1-102.

(7)  “Revenue types” means the categories established by the Division of Finance under the authority of this chapter that classify revenue according to the purpose for which it is collected.

Amended by Chapter 451, 2022 General Session

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