Utah Code > Title 53B > Chapter 7 > Part 8 – Higher Education Student Success Endowment


§ 53B-7-801	Definitions
§ 53B-7-801 v2	Definitions
§ 53B-7-802	Higher Education Student Success Endowment
§ 53B-7-802 v2	Higher Education Student Success Endowment
§ 53B-7-803	Board duties
§ 53B-7-804	State grants to the authority
§ 53B-7-805	Gifts to the endowment

Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Authority: means the Utah Higher Education Assistance Authority. See Utah Code 53B-7-801
Bequest: Property gifted by will.
Board: means the Utah Board of Higher Education described in Section 53B-1-402. See Utah Code 53B-1-101.5
Devise: To gift property by will.
Endowment: means the Higher Education Student Success Endowment created in Section 53B-7-802. See Utah Code 53B-7-801
Fiduciary: A trustee, executor, or administrator.
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
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}
Person: means :Utah Code 68-3-12.5
Property: includes both real and personal property. See Utah Code 68-3-12.5
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
Trustee: A person or institution holding and administering property in trust.