Utah Code § 53B-18-501 : STATE SYSTEM OF HIGHER EDUCATION — UTAH STATE UNIVERSITY — NONPROFIT CORPORATIONS OR FOUNDATIONS —18-501 - Nonprofit corporations or foundations - Purpose
(1) In addition to any other powers which it now has, Utah State University may form nonprofit corporations or foundations controlled by the president of the university and the board to aid and assist the university in attaining its charitable, scientific, literary, research, and educational objectives.
(2) The nonprofit corporations or foundations may receive and administer legislative appropriations, government grants, contracts, and private gifts to carry out their public purposes.
Utah Code § 53B-18-501
Amended by Chapter 365, 2020 General Session ,§ 124, eff. 7/1/2020.
Enacted by Chapter 218, 1988 General Session