53H-8-301. Definitions.

264 words·~1 min read·/ut/title-53h/chapter-8/53h-8-301

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 7/1/2026

As used in this part:

(1)"Account" means the Performance Funding Restricted Account created in Section 53H-8-302 .

(2)"Award" means a degree or certificate that an institution grants.

(3)"Cohort" means a group of students, defined by the year in which the group enrolls in an institution.

(4)"Estimated revenue growth from targeted jobs" means the estimated increase in individual income tax revenue generated by individuals employed in targeted jobs, determined in accordance with Sections 53H-8-302 and 53H-8-306 .

(5)"Full new performance funding amount" means the maximum amount of new performance funding that an institution may qualify for in a fiscal year, determined by the Legislature in accordance with Section 53H-8-303 .

(6)"Full-time" means the number of credit hours the board determines is full-time enrollment for a student.

(7)"High-demand" job means:

(a)a targeted job; and

(b)a strategically important occupation that the board identifies in accordance with Subsection 53H-8-303(2) .

(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 Section 53H-8-304 .

(10)"Strategically important occupation" means an occupation that:

(a)is not a targeted job; and

(b)supports strategic objectives for state workforce development in core public services or emerging industries.

(11)"Targeted job" means a four- and five-star job that requires postsecondary training as designated by the Department of Workforce Services.

Amended by Chapter 229 , 2026 General Session