Utah Code > Title 53B > Chapter 1 > Part 2 – Disclosure of Foreign Gifts
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| § 53B-1-201 | Definitions |
| § 53B-1-202 | Disclosure of foreign gifts to higher education institutions — Prohibition on restricted foreign entity funds |
Terms Used In Utah Code > Title 53B > Chapter 1 > Part 2 - Disclosure of Foreign Gifts
- Board: means the Utah Board of Higher Education described in Section 53B-1-402. See Utah Code 53B-1-101.5
- Conditional gift: means a gift as defined in Subsection (4) that is subject to conditions:
(a) imposed, requested, or provided by a foreign government or foreign person; and (b) that relate to: (i) what kinds of teachers or students may benefit from the gift; or (ii) a description of the subject matter to be taught with the support of the gift. See Utah Code 53B-1-201 - Contract: A legal written agreement that becomes binding when signed.
- 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.
- 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.
- Foreign government: means a government other than the government of:
(a) the United States; (b) a state within the United States; (c) a territory or possession of the United States; or (d) a political subdivision of the United States. See Utah Code 53B-1-201 - Foreign person: means :
(a) a foreign government defined in Subsection (2); (b) an individual who is not a citizen or national of the United States or of a territory or protectorate of the United States; (c) a corporation, partnership, joint venture, proprietorship, trust, association, or other entity that is created or organized under the laws of a foreign government or that has its principal place of business located outside the United States; (e) if known by the higher education institution, a committee or other group in which a majority of the membership is composed of: (i) a foreign government; (ii) an individual described in Subsection (3)(b); or (iii) an entity described in Subsection (3)(c) or (d). See Utah Code 53B-1-201 - Gift: means an endowment, scholarship, gift, donation, or grant of money or property of any kind. See Utah Code 53B-1-201
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Higher education institution: means an institution in the state system of higher education as defined in Section 53B-1-102. See Utah Code 53B-1-201
- 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
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Restricted foreign entity: means :
(a) a company that the United States Secretary of Defense is required to list as a military company under the requirements of federal national defense authorization acts; (b) any affiliate of a company described in Subsection (6)(a); (c) the country with a commercial or defense industrial base of which a company described in Subsection (6)(a) is a part; or (d) any subsidiary of a company described in Subsection (6)(a) or a country described in Subsection (6)(c). See Utah Code 53B-1-201 - 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
- United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5