Checkout our iOS App for a better way to browser and research.
(1) "Account" means the Performance Funding Restricted Account created in Section 53B-7-703.
(2) "Estimated revenue growth from targeted jobs" means the estimated increase in individual income tax revenue generated by individuals employed in targeted jobs, determined by the Department of Workforce Services in accordance with Section 53B-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 Section 53B-7-705.
(4) "Full-time" means the number of credit hours the board determines is full-time enrollment for a student.
(5)"GO Utah office" means the Governor's Office of Economic Opportunity created in Section 63N-1a-301.
(6) "Job" means an occupation determined by the Department of Workforce Services.
(7) "Membership hour" means 60 minutes of scheduled instruction provided by a technical college to a student enrolled in the technical college.
(8) "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.
(9) "Performance" means total performance across the metrics described in Sections 53B-7-706 and 53B-7-707.
(10) "Research university" means the University of Utah or Utah State University.
(11) "Targeted job" means a job designated by the Department of Workforce Services or the GO Utah office in accordance with Section 53B-7-704.
(12) "Technical college" means:
(a) the same as that term is defined in Section 53B-1-101.5; and
(b) a degree-granting institution acting in the degree-granting institution's technical education role described in Section 53B-2a-201.
(13) "Technical college graduate" means an individual who:
(a) has earned a certificate from an accredited program at a technical college; and
(b) is no longer enrolled in the technical college.