§ 22-3-401 Receipts from entity — Character of receipts from entity
§ 22-3-402 Receipts from entity — Distribution from trust or estate
§ 22-3-403 Receipts from entity — Business or other activity conducted by fiduciary
§ 22-3-404 Receipts not normally apportioned — Principal receipts
§ 22-3-405 Receipts not normally apportioned — Rental property
§ 22-3-406 Receipts not normally apportioned — Receipt on obligation to be paid in money
§ 22-3-407 Receipts not normally apportioned — Insurance policy or contract
§ 22-3-408 Receipts normally apportioned — Insubstantial allocation not required
§ 22-3-409 Receipts normally apportioned — Deferred compensation, annuity, or similar payment
§ 22-3-410 Receipts normally apportioned — Liquidating asset
§ 22-3-411 Receipts normally apportioned — Minerals, water, and other natural resources
§ 22-3-412 Receipts normally apportioned — Timber
§ 22-3-413 Receipts normally apportioned — Marital deduction property not productive of income
§ 22-3-414 Receipts normally apportioned — Derivative or option
§ 22-3-415 Receipts normally apportioned — Asset-backed security
§ 22-3-416 Receipts normally apportioned — Other financial instrument or arrangement

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Terms Used In Utah Code > Title 22 > Chapter 3 > Part 4 - Allocation of Receipts

  • Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • American Indian and Alaskan Native concentrated school: means a school where at least 29% of the school's students are American Indian or Alaskan Native. See Utah Code 53F-5-601
  • Amortization: Paying off a loan by regular installments.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Blended learning: means a formal education program in which a student learns:
    (a) at least in part, through online learning with some element of student control over time, place, path, and pace;
    (b) at least in part, in a supervised brick-and-mortar location away from home; and
    (c) in a program in which the modalities along each student's learning path within a course or subject are connected to provide an integrated learning experience. See Utah Code 53F-5-501
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • County legislative body: means :Utah Code 68-3-12.5
  • Dependent: A person dependent for support upon another.
  • eligible junior high school: means a district school or charter school that has at least 50% of the school's students with a family income at or below 185% of the federal poverty level. See Utah Code 53F-5-401
  • Eligible partnership: means a partnership that:
    (a) includes at least:
    (i) a local education agency that has designated an eligible school feeder pattern;
    (ii) a local nonprofit organization;
    (iii) a private business;
    (iv) a municipality or county in which the eligible school feeder pattern is located;
    (v) an institution of higher education within the state;
    (vi) a state or local government agency that provides services to students attending schools within the eligible school feeder pattern;
    (vii) a local philanthropic organization; and
    (viii) a local health care organization; and
    (b) has designated a local education agency or local nonprofit organization to act as lead applicant for a grant described in this part. See Utah Code 53F-5-401
  • Eligible school feeder pattern: means the succession of schools that a student enrolls in as the student progresses from kindergarten through grade 12 that includes, as designated by a local education agency:
    (a) a high school;
    (b) an eligible junior high school that:
    (i) is a district school within the geographic boundary of the high school described in Subsection (3)(a); or
    (ii) is a charter school that sends at least 50% of the charter school's students to the high school described in Subsection (3)(a); and
    (c) an eligible elementary school that:
    (i) is a district school within the geographic boundary of the high school described in Subsection (3)(a); or
    (ii) is a charter school that sends at least 50% of the charter school's students to the junior high school described in Subsection (3)(b). See Utah Code 53F-5-401
  • Eligible student: means a student:
    (a) who is eligible to participate in public school, in kindergarten, or grades 1 through 12;
    (b) who is a resident of the state;
    (c) who, during the school year for which the student is applying for a scholarship account:
    (i) does not receive a scholarship under:
    (A) the Carson Smith Scholarship Program established in Section 53F-4-302; or
    (B) the Special Needs Opportunity Scholarship Program established in Section 53E-7-402; and
    (ii) except for a student who is enrolled part-time in accordance with Section 53G-6-702, is not enrolled in an LEA upon receiving the scholarship;
    (d) whose eligibility is not suspended or disqualified under Section 53F-6-401; and
    (e) who completes, to maintain eligibility, the portfolio requirement described in Subsection 53F-6-402(3)(d). See Utah Code 53F-6-401
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Federal poverty level: means the United States poverty level as defined by the most recently revised poverty income guidelines published by the United States Department of Health and Human Services in the Federal Register. See Utah Code 53F-6-401
  • Fiduciary: A trustee, executor, or administrator.
  • 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.
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grant program: means the Personalized, Competency-Based Learning Grants Program created in this part. See Utah Code 53F-5-501
  • Grantor: The person who establishes a trust and places property into it.
  • Home-based scholarship student: means a student who:
    (i) is eligible to participate in public school, in kindergarten or grades 1 through 12;
    (ii) is excused from enrollment in an LEA in accordance with Section 53G-6-204 to attend a home school; and
    (iii) receives a benefit of scholarship funds. See Utah Code 53F-6-401
  • Institution of higher education: means an institution listed in Section 53B-1-102. See Utah Code 53F-5-501
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Land: includes :Utah Code 68-3-12.5
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Local education agency: means a school district or charter school. See Utah Code 53F-5-401
  • Marital deduction: The deduction(s) that can be taken in the determination of gift and estate tax liabilities because of the existence of a marriage or marital relationship.
  • Month: means a calendar month, unless otherwise expressed. See Utah Code 68-3-12.5
  • Native American Legislative Liaison Committee: means the committee created in Section 36-22-1. See Utah Code 53F-5-601
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: means :Utah Code 68-3-12.5
  • Personal property: includes :Utah Code 68-3-12.5
  • Personal property: All property that is not real property.
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
  • program: means the scholarship program established in Section 53F-6-402. See Utah Code 53F-6-401
  • Program manager: means an organization that:
    (a) is qualified as tax exempt under Section 501(c)(3), Internal Revenue Code;
    (b) is not affiliated with any international organization;
    (c) does not harvest data for the purpose of reproducing or distributing the data to other entities;
    (d) has no involvement in guiding or directing any curriculum or curriculum standards;
    (e) does not manage or otherwise administer a scholarship under:
    (i) the Carson Smith Scholarship Program established in Section 53F-4-302; or
    (ii) the Special Needs Opportunity Scholarship Program established in Section 53E-7-402; and
    (f) an agreement with the state board recognizes as a program manager, in accordance with this part. See Utah Code 53F-6-401
  • Program manager employee: means an individual working for the program manager in a position in which the individual's salary, wages, pay, or compensation, including as a contractor, is paid from scholarship funds. See Utah Code 53F-6-401
  • Program manager officer: means :
    (a) a member of the board of a program manager; or
    (b) the chief administrative officer of a program manager. See Utah Code 53F-6-401
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • Qualifying provider: means one of the following entities that is not a public school and is autonomous and not an agent of the state, in accordance with Section 53F-6-406:
    (a) an eligible school that the program manager approves in accordance with Section 53F-6-408; or
    (b) an eligible service provider that the program manager approves in accordance with Section 53F-6-409. See Utah Code 53F-6-401
  • Relative: means a father, mother, husband, wife, son, daughter, sister, brother, uncle, aunt, nephew, niece, first cousin, mother-in-law, father-in-law, brother-in-law, sister-in-law, son-in-law, or daughter-in-law. See Utah Code 53F-6-401
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Review committee: means the committee established under Section 53F-5-502. See Utah Code 53F-5-501
  • Scholarship account: means the account to which a program manager allocates funds for the payment of approved scholarship expenses in accordance with this part. See Utah Code 53F-6-401
  • Scholarship expense: means an expense described in Section 53F-6-402 that a parent or scholarship student incurs in the education of the scholarship student for a service or goods that a qualifying provider provides, including:
    (a) tuition and fees of a qualifying provider;
    (b) fees and instructional materials at a technical college;
    (c) tutoring services;
    (d) fees for after-school or summer education programs;
    (e) textbooks, curricula, or other instructional materials, including any supplemental materials or associated online instruction that a curriculum or a qualifying provider recommends;
    (f) educational software and applications;
    (g) supplies or other equipment related to a scholarship student's educational needs;
    (h) computer hardware or other technological devices that are intended primarily for a scholarship student's educational needs;
    (i) fees for the following examinations, or for a preparation course for the following examinations, that the program manager approves:
    (i) a national norm-referenced or standardized assessment described in Section 53F-6-410, an advanced placement examination, or another similar assessment;
    (ii) a state-recognized industry certification examination; and
    (iii) an examination related to college or university admission;
    (j) educational services for students with disabilities from a licensed or accredited practitioner or provider, including occupational, behavioral, physical, audiology, or speech-language therapies;
    (k) contracted services that the program manager approves and that an LEA provides, including individual classes, after-school tutoring services, transportation, or fees or costs associated with participation in extracurricular activities;
    (l) ride fees or fares for a fee-for-service transportation provider to transport the scholarship student to and from a qualifying provider, not to exceed $750 in a given school year;
    (m) expenses related to extracurricular activities, field trips, educational supplements, and other educational experiences; or
    (n) any other expense for a good or service that:
    (i) a parent or scholarship student incurs in the education of the scholarship student; and
    (ii) the program manager approves, in accordance with Subsection (4)(d). See Utah Code 53F-6-401
  • Scholarship funds: means :
    (a) funds that the Legislature appropriates for the program; and
    (b) interest that scholarship funds accrue. See Utah Code 53F-6-401
  • Scholarship student: means an eligible student, including a home-based scholarship student, for whom the program manager establishes and maintains a scholarship account in accordance with this part. See Utah Code 53F-6-401
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • 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
  • State plan: means the state plan adopted under Laws of Utah 2015, Chapter 53, Section 7. See Utah Code 53F-5-601
  • Statute: A law passed by a legislature.
  • STEM: means science, technology, engineering, and mathematics. See Utah Code 53F-5-501
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
  • Writing: includes :Utah Code 68-3-12.5