§ 53H-8-301 — Definitions.

As used in this part:
(1) "Account" means the Performance Funding Restricted Account created in Section 53H-8-302.
(2) "Estimated revenue growth from targeted jobs" means the estimated increase in individual income tax revenue generated by individuals employed in targeted jobs, determined in accordance with Sections 53H-8-302 and 53H-8-306.
(3) "Full new performance funding amount" means the maximum amount of new performance funding that an institution may qualify for in a fiscal year, determined by the Legislature in accordance with Section 53H-8-303.
(4) "Full-time" means the number of credit hours the board determines is full-time enrollment for a student.
(5) "New performance funding" means the difference between the total amount of money in the account and the amount of money appropriated from the account for performance funding in the current fiscal year.
(6) "Performance" means total performance across the metrics described in Section 53H-8-304.
(7) "Targeted job" means a four- and five-star job that requires postsecondary training as designated by the Department of Workforce Services.

Legislative History

Renumbered and Amended by Chapter 8, 2025 Special Session 1