Section 802 – Higher Education Student Success Endowment.

Effective 3/22/2022 53B-7-802. Higher Education Student Success Endowment. (1) There is created the Higher Education Student Success Endowment. (2) The endowment consists of: (a) the proceeds from divestment of the authority’s loan portfolio in accordance with Section 53B-12-109; (b) appropriations made to the endowment by the Legislature, if any; (c) income from the investment of […]

Section 803 – Board duties.

Effective 3/22/2022 53B-7-803. Board duties. (1) The board shall: (a) act as trustee of the endowment and exercise the state’s fiduciary responsibilities; (b) meet at least twice a year to conduct business on behalf of the endowment; (c) review and approve all endowment policies, projections, rules, criteria, procedures, forms, standards, and performance goals; (d) review […]