Utah Code 53B-7-702. Definitions
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As used in this part:
(1) “Account” means the Performance Funding Restricted Account created in Section 53B-7-703 .
Terms Used In Utah Code 53B-7-702
- Account: means the Performance Funding Restricted Account created in Section
53B-7-703 . See Utah Code 53B-7-702 - Board: means the Utah Board of Higher Education described in Section 53B-1-402. See Utah Code 53B-1-101.5
- degree-granting institution: means an institution of higher education described in Subsection 53B-1-102(1)(a). See Utah Code 53B-1-101.5
- 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.
- Full-time: means the number of credit hours the board determines is full-time enrollment for a student. See Utah Code 53B-7-702
- 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. See Utah Code 53B-7-702
- Performance: means total performance across the metrics described in Section
53B-7-706 . See Utah Code 53B-7-702 - Technical college: means :(8)(a) the same as that term is defined in Section
Utah Code 53B-7-702 - Technical education: means career and technical education that:
(8)(a)(i) leads to a certificate; or(8)(a)(ii) is short-term training. See Utah Code 53B-1-101.5(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 Sections53B-7-703 and53B-7-704 .(3) “Full new performance funding amount” means the maximum amount of new performance funding that a degree-granting institution or technical college may qualify for in a fiscal year, determined by the Legislature in accordance with Section53B-7-705 .(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 Section53B-7-706 .(7) “Targeted job” means a four- and five-star job that requires postsecondary training as designated by the Department of Workforce Services.(8) “Technical college” means:(8)(a) the same as that term is defined in Section53B-1-101.5 ; or(8)(b) a degree-granting institution acting in the degree-granting institution’s technical education role described in Section53B-2a-201 . - Technical education: means career and technical education that: