Utah § 53H-8-207 Retention of net reimbursed overhead revenues.

Utah Statutes

§ 53H-8-207 — Retention of net reimbursed overhead revenues.

Utah·Title 53H Higher Education·Ch. 53H-8 Finance·Part 53H-8-2 Budgets and Financing

(1)For each fiscal year, all budget documents for the system of higher education shall reflect retention by the institutions' net reimbursed overhead revenues for support of research and related programs under policies established by the board. These overhead revenues may not be considered a dedicated credit.

(2)The board, in conjunction with institutions within the system, shall provide the Legislature, through the Office of Legislative Fiscal Analyst, with a complete accounting of the net reimbursed overhead revenues on an annual basis. This accounting shall include actual expenditures for the prior fiscal year, budgeted expenditures for the current fiscal year, and planned expenditures for the following fiscal year.

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(1) For each fiscal year, all budget documents for the system of higher education shall reflect retention by the institutions' net reimbursed overhead revenues for support of research and related programs under policies established by the board. These overhead revenues may not be considered a dedicated credit.
(2) The board, in conjunction with institutions within the system, shall provide the Legislature, through the Office of Legislative Fiscal Analyst, with a complete accounting of the net reimbursed overhead revenues on an annual basis. This accounting shall include actual expenditures for the prior fiscal year, budgeted expenditures for the current fiscal year, and planned expenditures for the following fiscal year.

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