{"data":{"id":"us-ut/utah-code-53h-8-403","jurisdiction":"us-ut","citation":"Utah Code § 53H-8-403","heading":"Board duties.","body":"(1) The board shall:\n(a) act as trustee of the endowment and exercise the state's fiduciary responsibilities;\n(b) meet at least twice a year to conduct business on behalf of the endowment;\n(c) review and approve all endowment policies, projections, rules, criteria, procedures, forms, standards, and performance goals;\n(d) review and approve the budget and expenditures for the endowment in accordance with Section 53H-8-402;\n(e) review financial records for the endowment, including endowment receipts, expenditures, and investments; and\n(f) take any other action necessary to perform the board's fiduciary obligations.\n(2) The board shall annually submit a budget and expenditures to the Higher Education Appropriations Subcommittee no later than November 1.","path":["Title 53H Higher Education","Chapter 53H-8 Finance","Part 53H-8-4 Higher Education Student Success Endowment"],"source_url":"https://le.utah.gov/xcode/Title53H/Chapter8/53H-8-S403.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"d94675fe1518db4ac6cbb2a7e447e822c3041fdce06e1678fd6bead52cfe75d2","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-53h-8-402","next":"us-ut/utah-code-53h-8-404"},"notice":"GroundRules: Original legal text. Not legal advice."}