Utah § 53H-8-403 Board duties.

Utah Statutes

§ 53H-8-403 — Board duties.

Utah § 53H-8-403

Title 53HHigher Education

Ch. 53H-8Finance

Part 53H-8-4Higher Education Student Success Endowment

This text of Utah § 53H-8-403 (Board duties.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 53H-8-403 (2026).

Text

(1)The board shall:

(1)(a) act as trustee of the endowment and exercise the state's fiduciary responsibilities;

(1)(b) meet at least twice a year to conduct business on behalf of the endowment;

(1)(c) review and approve all endowment policies, projections, rules, criteria, procedures, forms, standards, and performance goals;

(1)(d) review and approve the budget and expenditures for the endowment in accordance with Section 53H-8-402;

(1)(e) review financial records for the endowment, including endowment receipts, expenditures, and investments; and

(1)(f) take any other action necessary to perform the board's fiduciary obligations.

(2)The board shall annually submit a budget and expenditures to the Higher Education Appropriations Subcommittee no later than November 1.

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(1) The board shall:
(1)(a) act as trustee of the endowment and exercise the state's fiduciary responsibilities;
(1)(b) meet at least twice a year to conduct business on behalf of the endowment;
(1)(c) review and approve all endowment policies, projections, rules, criteria, procedures, forms, standards, and performance goals;
(1)(d) review and approve the budget and expenditures for the endowment in accordance with Section 53H-8-402;
(1)(e) review financial records for the endowment, including endowment receipts, expenditures, and investments; and
(1)(f) take any other action necessary to perform the board's fiduciary obligations.
(2) The board shall annually submit a budget and expenditures to the Higher Education Appropriations Subcommittee no later than November 1.