(1) There is created a body politic and corporate known as the Utah Charter School Finance Authority. The authority is created to provide an efficient and cost-effective method of financing charter school facilities.

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Terms Used In Utah Code 53G-5-602

  • Authority: means the Utah Charter School Finance Authority created by this part. See Utah Code 53G-5-601
  • Board: means the governing board of the authority described in Section 53G-5-602. See Utah Code 53G-5-601
  • Charter school: means a school created under this chapter. See Utah Code 53G-5-601
  • 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
(2) The governing board of the authority shall be composed of:

     (2)(a) the governor or the governor’s designee;
     (2)(b) the state treasurer; and
     (2)(c) the state superintendent or the state superintendent’s designee.
(3) A member may not receive compensation or benefits for the member’s service, but may receive per diem and travel expenses in accordance with:

     (3)(a) Section 63A-3-106;
     (3)(b) Section 63A-3-107; and
     (3)(c) rules made by the Division of Finance pursuant to Sections 63A-3-106 and 63A-3-107.
(4) Upon request, the state board shall provide staff support to the authority.