53H-9-501. General provisions -- Definitions.
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Effective 10/14/2025
53H-9-501. General provisions -- Definitions.
As used in this part:
(1)"Capital development" means the same as capital development project, as defined in Section 63A-5b-401 .
(2)"Consumer Price Index" means the Consumer Price Index for All Urban Consumers as published by the Bureau of Labor Statistics of the United States Department of Labor.
(3)"Dedicated project" means a capital development project for which state funds from an institution's allocation are requested or used.
(4)"Fund" means the Higher Education Capital Projects Fund created in Section 53H-9-502 .
(5)"Institution's allocation" means the total amount of money in the fund that an institution has been allocated in accordance with Section 53H-9-503 .
(6)"Nondedicated project" means a capital development project for which state funds from a source other than an institution's allocation are requested or used.
(7)"State funds" means the same as that term is defined in Section 63A-5b-401 .
Renumbered and Amended by Chapter 8 , 2025 Special Session 1