Utah Code 63A-5b-805. Leasing by higher education institutions
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(1) The Utah Board of Higher Education shall establish written policies and procedures governing leasing by an institution of higher education.
Terms Used In Utah Code 63A-5b-805
- Institution of higher education: means an institution listed in Subsection
53B-2-101 (1). See Utah Code 63A-5b-102 - Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Utah Board of Higher Education: means the Utah Board of Higher Education established in Section
53B-1-402 . See Utah Code 63A-5b-102
(2) Except as provided in Section 53B-2a-113, an institution of higher education shall comply with the procedures and requirements of the Utah Board of Higher Education policies before signing or renewing a lease.