Definitions.

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  • (1) "Asset" means property of all kinds, real and personal, tangible and intangible, and includes:
    • (a) cash;
    • (b) stock or other investments;
    • (c) real property;
    • (d) equipment and supplies;
    • (e) an ownership interest;
    • (f) a license;
    • (g) a cause of action; and
    • (h) any similar property.
  • (2) "Board of trustees of a higher education institution" or "board of trustees" means:
    • (a) the board of trustees of:
      • (i) the University of Utah;
      • (ii) Utah State University;
      • (iii) Weber State University;
      • (iv) Southern Utah University;
      • (v) Snow College;
      • (vi) Utah Tech University;
      • (vii) Utah Valley University; or
      • (viii) Salt Lake Community College; or
    • (b) a technical college board of trustees described in Section 53B-2a-108.
  • (3) "Charter school authorizer" or "authorizer" means an entity listed in Section 53G-5-205 that authorizes a charter school.




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