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Terms Used In Utah Code 53C-3-105

  • 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.
  • 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

     Money distributed for the benefit of the state‘s normal schools, as provided under the Utah Enabling Act, Section 12, Utah Constitution Article X, § 7, Utah Constitution Article XX, § 2, and Sections 53C-3-101 and 53C-3-103, shall be allocated to institutions within the state system of higher education, as defined in Section 53B-1-102, that offer bachelor’s degrees in education in proportion to the number of bachelor’s degrees awarded by those institutions in the previous fiscal year.