reglab/housing_qa huggingface dataset:
UT Code § 53B-11-101 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 11 - Student Loan Program|Section 101 - Establishment of Student Loan Fund.

53B-11-101. Establishment of Student Loan Fund.  There is established an account known as the State Student Loan Fund, administered by the board.  Enacted by Chapter 167, 1987 General Session
UT Code § 53B-11-102 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 11 - Student Loan Program|Section 102 - Use of Student Loan Fund.

53B-11-102. Use of Student Loan Fund.    (1) The board may use the Student Loan Fund to assist students in attending an eligible institution defined in Section 53B-13-102.     (2) The board may contract with federal and state agencies and corporations, private nonprofit corporations, banks, or other lending institutions in the state to carry out this assistance program.    Amended by Chapter 22, 1989 General Session
UT Code § 53B-11-103 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 11 - Student Loan Program|Section 103 - Student loan insurance program -- Board is successor to authority of Coordinating Council -- Maintenance of insurance program.

53B-11-103. Student loan insurance program -- Board is successor to authority of Coordinating Council -- Maintenance of insurance program.    (1) The board is the agency for the state of Utah that establishes and administers a program for the insurance of loans to student residents of this state to attend an eligible institution.     (2) The board is the successor to the rights and obligations of the Utah Coordinating Council of Higher Education in any valid contract entered into under the authority granted to the council by prior law.     (3) The board may use state, federal, and private funds to maintain the Student Loan Insurance Program.    Enacted by Chapter 167, 1987 General Session
UT Code § 53B-11-104 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 11 - Student Loan Program|Section 104 - Eligibility for student financial aid -- Filing of selective service status.

 Effective 7/1/2020  53B-11-104. Eligibility for student financial aid -- Filing of selective service status.    (1) A male born after December 31, 1959, may not receive any state-supported loan, grant, or scholarship for attendance at a postsecondary institution within the state unless he has filed a statement of selective service status with the institution.     (2) The statement shall certify one of the following:   (a) that the male has registered with the selective service system in accordance with the Military Selective Service Act, 50 U.S.C. Sec. 3802, as amended;     (b) that the male is not required to register with the selective service system because he is:   (i) under 18 or over 26 years of age;     (ii) on active duty with the armed forces of the United States other than for training in a reserve or national guard unit;     (iii) a nonimmigrant alien lawfully in the United States in accordance with the Immigration and Nationality Act, 8 U.S.C. Sec. 1101(a)(15); or     (iv) not a citizen of the United States and is a permanent resident of the Trust Territory of the Pacific Islands or the Northern Mariana Islands.         (3)   (a) The board, through the commissioner of higher education, shall specify the form of statement to be filed under Subsection (2).     (b) Each statement shall contain a section:   (i) certifying registration with the selective service system and a space for the student to record his selective service number; and     (ii) for the certification of nonregistration and for an explanation of the reason for exemption.       (c) The board may require documentation for the certifications under Subsection (3)(b).       (4) Postsecondary institutions within the state may not make or guarantee any loan, grant, scholarship, or other state-supported financial assistance to a male student unless the student has filed the statement required under Subsection (1).     (5)   (a) If a postsecondary institution within the state has received a statement certifying that the individual is registered under Subsection (2)(a) or is exempt from registration for a reason other than he is under 18 years of age, the individual is not required to file any further statement with the institution under this section.     (b) If the institution receives a statement of exemption because the individual is under 18 years of age, it shall require the filing of a new statement each time the individual seeks to apply for financial assistance for educational expenses, until it receives a statement certifying that the individual has registered with the selective service system or is exempt from registration for a reason other than being under 18 years of age.      Amended by Chapter 365, 2020 General Session
UT Code § 53B-12-101 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 12 - Higher Education Assistance Authority|Section 101 - Utah Higher Education Assistance Authority designated -- Powers.

 Effective 7/1/2016  53B-12-101. Utah Higher Education Assistance Authority designated -- Powers.  The board is the Utah Higher Education Assistance Authority and, in this capacity, may do the following:  (1) guarantee 100% of the principal of and interest on a loan to or for the benefit of a person attending or accepted to attend an eligible postsecondary educational institution to assist that person in meeting any educational expenses incurred in an academic year;     (2) take, hold, and administer real or personal property and money, including interest and income, either absolutely or in trust, for any purpose under this chapter;     (3) acquire property for the purposes indicated in Subsection (2) by purchase or lease and by the acceptance of gifts, grants, bequests, devises, or loans;     (4) enter into or contract with an eligible lending institution, or with a public or private postsecondary educational institution to provide for the administration by the institution of any loan or loan guarantee made by it, including application and repayment provisions;     (5) participate in federal programs guaranteeing, reinsuring, or otherwise supporting loans to eligible borrowers for postsecondary educational purposes and agree to, and comply with, the conditions and regulations applicable to those programs;     (6) adopt, amend, or repeal rules, in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, to govern the activities authorized by this chapter;     (7) receive state appropriations for the fund established under Section 53B-12-104 to match deposits and to accept contributions received by it for this purpose;     (8) receive funds from the federal government to assist in implementing federally supported programs administered under this chapter;     (9) engage, appoint, or contract for the services of officers, agents, employees, and private consultants to render and perform professional and technical duties and provide assistance and advice in carrying out the purposes of this chapter, to describe their duties, and to fix the amount and source of their compensation; and     (10) receive employment information from the Workforce Research and Analysis Division in accordance with Section 35A-4-312 for the purpose of collecting defaulted student loans made under this chapter. The information obtained under this Subsection (10) shall be limited to the employer's name, address, and telephone number for borrowers who have defaulted on a student loan held by the Utah Higher Education Assistance Authority.    Amended by Chapter 296, 2016 General Session
UT Code § 53B-12-103 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 12 - Higher Education Assistance Authority|Section 103 - Gifts by persons, corporations, and associations -- Tax deduction.

53B-12-103. Gifts by persons, corporations, and associations -- Tax deduction.    (1) A person, domestic corporation, or association organized for the purpose of carrying on business in this state may, regardless of the provisions of any certificate of incorporation, charter, or other articles of organization, make contributions, gifts, grants, bequests, devises, or loans to the authority.     (2) The value of the contribution is deductible in computing the net taxable income of the person, corporation, or association for purposes of an income or franchise tax imposed by this state or its political subdivisions.    Enacted by Chapter 167, 1987 General Session
UT Code § 53B-12-104 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 12 - Higher Education Assistance Authority|Section 104 - Guarantee Fund -- Sources -- Use -- Valuation and restoration of assets -- Other funds.

53B-12-104. Guarantee Fund -- Sources -- Use -- Valuation and restoration of assets -- Other funds.    (1) The authority shall establish the Utah Higher Education Assistance Authority Guarantee Fund from the following sources:   (a) insurance premiums;     (b) money appropriated and made available by the state for the purpose of the guarantee fund;     (c) money directed by the authority to be transferred to the guarantee fund; and     (d) other money made available to the authority for the purpose of the guarantee fund from other sources.       (2)   (a) Money held in the guarantee fund shall be used only for payments required under the authority's guarantee agreements and for other purposes authorized by applicable federal regulations.     (b) Income or interest earned by the investment of money held in the guarantee fund remains in the fund.     (c) The authority may provide by resolution or guarantee agreement that it may not guarantee a loan if the assets of the fund are less than 1% of the unpaid principal amount outstanding upon all loans guaranteed by the fund, or a greater amount as determined by the authority.     (d) In computing the assets of the fund for the purposes of this section, securities are valued at par, cost, or by such other method of valuation as the authority may provide by resolution or agreement.     (e) In the event assets in the fund are less than 1%, or a greater amount as determined by the authority under Subsection (2)(c), the chairman of the authority shall annually, before the second day of December, certify to the governor and to the Director of Finance the amounts required to restore the assets of the fund to the required amount. The governor may request an appropriation of the certified amount from the Legislature in order to restore the required amount to the fund.       (3) The authority may create and establish other subfunds as are necessary or desirable for its purposes.    Amended by Chapter 324, 2010 General Session
UT Code § 53B-12-105 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 12 - Higher Education Assistance Authority|Section 105 - Agreement with loan holders -- Terms unalterable.

53B-12-105. Agreement with loan holders -- Terms unalterable.    (1) The rights vested in the board to fulfill the terms of an agreement made with the holder of a guaranteed loan shall not be limited or altered nor shall the rights and remedies of the holder be impaired in any manner until the guaranteed loan is fully met and discharged.     (2) An agreement with the holder of a guaranteed loan shall include a statement to this effect.    Enacted by Chapter 167, 1987 General Session
UT Code § 53B-12-106 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 12 - Higher Education Assistance Authority|Section 106 - Guarantee agreements and expenses limited to funds of the authority.

53B-12-106. Guarantee agreements and expenses limited to funds of the authority.    (1) The guarantee of a loan under this chapter shall not be considered the loaning of credit of the state or any of its political subdivisions nor shall it be payable from funds other than those of the authority.     (2) A guarantee agreement shall contain on its face a statement to the effect that:   (a) the authority is obligated to pay the agreement solely from the revenues or other funds of the authority;     (b) neither the state nor its political subdivisions are obligated to pay the agreement; and     (c) neither the faith and credit nor the taxing power of the state or its political subdivisions is pledged to the payment of the guarantee agreement.       (3) An expense incurred in carrying out this chapter is payable solely from funds provided under this chapter.     (4) Nothing in this chapter authorizes the authority to incur indebtedness or liability on behalf of, or payable by, the state or its political subdivisions.    Enacted by Chapter 167, 1987 General Session
UT Code § 53B-12-107 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 12 - Higher Education Assistance Authority|Section 107 - Annual report -- Annual audit -- Reimbursement of state auditor.

 Effective 5/14/2019  53B-12-107. Annual report -- Annual audit -- Reimbursement of state auditor.    (1) Following the close of each fiscal year, the authority shall submit an annual report of the authority's activities for the preceding year to the governor and the Higher Education Appropriations Subcommittee.     (2) Each report shall include a complete operating and financial statement of the authority during the fiscal year it covers.     (3) The state auditor shall at least once in each year audit the books and accounts of the authority or contract with an independent certified public accountant for this audit.     (4) The authority shall reimburse the state auditor from its available money for the actual and necessary costs of the audit.    Amended by Chapter 324, 2019 General Session
UT Code § 53B-12-108 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 12 - Higher Education Assistance Authority|Section 108 - State grants to the authority.

53B-12-108. State grants to the authority.    (1) The state may make grants of money or property to the authority to enable it to carry out its purposes and exercise its powers, including grants to the Utah Higher Education Assistance Authority Guarantee Fund.     (2) This section does not limit the power the state has to make grants to the authority.    Enacted by Chapter 167, 1987 General Session
UT Code § 53B-13-101 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 13 - Higher Education Loan Act|Section 101 - Short title of chapter.

53B-13-101. Short title of chapter.  This chapter is known as the "Higher Education Loan Act."  Enacted by Chapter 167, 1987 General Session
UT Code § 53B-13-102 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 13 - Higher Education Loan Act|Section 102 - Definitions.

53B-13-102. Definitions.  As used in this chapter:  (1) "Bonds" means the bonds authorized to be issued by the board under this chapter, and may consist of bonds, notes, or debt obligations evidencing an obligation to repay borrowed money and payable solely from revenues and other money of the board pledged for repayment.     (2) "Eligible borrower" means a person, or the parent of a person, who is eligible to borrow under regulations applicable to the student loan program.     (3) "Eligible institution" means an institution which is approved by the board and the United States Secretary of Education for purposes of the guaranteed loan program.     (4) "Obligations" means student loan notes and other debt obligations reflecting loans to students which the board may take, acquire, buy, sell, or endorse under this chapter, and may include a direct or indirect interest in the whole or any part of the notes or obligations.     (5) "Resolution," when used in relation to the issuance of bonds, means the resolution or trust agreement securing the bonds.     (6) "Student" means a person who, under rules promulgated by the board, is enrolled or accepted for enrollment at an eligible institution and who is making suitable progress in his education toward obtaining a degree or other appropriate certification in accordance with standards acceptable to the board.    Enacted by Chapter 167, 1987 General Session
UT Code § 53B-13-105 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 13 - Higher Education Loan Act|Section 105 - Agreements with bondholders unalterable.

53B-13-105. Agreements with bondholders unalterable.    (1) Neither limitations or alterations of the rights vested in the board to fulfill the terms of an agreement made with bondholders nor impairment of the rights and remedies of those bondholders may occur until:   (a) the bonds, together with interest on the bonds and interest on unpaid installments of interest are met and discharged; and     (b) all costs and expenses in connection with an action or proceeding by or on behalf of those bondholders are met and discharged.       (2) The board may include provisions to this effect in an agreement with the holders of the bonds.    Enacted by Chapter 167, 1987 General Session
UT Code § 53B-13-106 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 13 - Higher Education Loan Act|Section 106 - Investments in bonds of the board.

53B-13-106. Investments in bonds of the board.  The bonds of the board are securities, in which public officers and bodies of this state, municipalities and municipal subdivisions, insurance companies and associations, persons carrying on an insurance business, banks, trust companies, savings banks and savings associations, saving and loan associations, investment companies, administrators, guardians, executors, trustees, other fiduciaries, and all other persons who are authorized to invest in bonds or other obligations of the state, may properly and legally invest funds, including capital, in their control or belonging to them.  Enacted by Chapter 167, 1987 General Session
UT Code § 53B-13-107 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 13 - Higher Education Loan Act|Section 107 - Payment of funds -- Payment on warrants -- Contracts with bondholders -- Security.

53B-13-107. Payment of funds -- Payment on warrants -- Contracts with bondholders -- Security.    (1) The funds of the board, except as otherwise authorized or provided in this section, are paid to the state treasurer.     (2) The money in the accounts is paid out on warrants signed by the State Division of Finance on requisition of the chairman of the board or of a board authorized officer or employee.     (3) The board, subject to the approval of the state treasurer, may contract with the holders of its bonds as to the custody, collection, securing, investment, and payment of money of the board or of money held in trust or otherwise for the payment of bonds.     (4) Money held in trust or otherwise for the payment of bonds or to secure bonds and deposits of the money may be secured in the same manner as money of the board.     (5) Banks and trust companies are authorized to give such security for the deposits.    Amended by Chapter 342, 2011 General Session
UT Code § 53B-13-108 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 13 - Higher Education Loan Act|Section 108 - Bonds and interest exempt from taxation except corporate franchise tax.

53B-13-108. Bonds and interest exempt from taxation except corporate franchise tax.  The bonds issued under this chapter and the interest on the bonds are exempt from all taxation in this state, except for the corporate franchise tax.  Enacted by Chapter 167, 1987 General Session
UT Code § 53B-13-109 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 13 - Higher Education Loan Act|Section 109 - Board pledges -- Attachment of lien -- Recording unnecessary.

53B-13-109. Board pledges -- Attachment of lien -- Recording unnecessary.    (1) A pledge made by the board is valid and binding from the time the pledge is made.     (2) The money or property pledged and subsequently received by the board is immediately subject to the lien of the pledge without physical delivery or further act.     (3) The lien of the pledge is valid and binding against all parties having a claim in tort, contract, or otherwise against the board, irrespective of whether the parties have notice of the claim.     (4) Neither the resolution nor another instrument by which a pledge is created need be recorded.    Enacted by Chapter 167, 1987 General Session
UT Code § 53B-13-110 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 13 - Higher Education Loan Act|Section 110 - Default by board -- Appointment of a trustee -- Powers of the trustee and bondholders.

53B-13-110. Default by board -- Appointment of a trustee -- Powers of the trustee and bondholders.    (1) If the board defaults in the payment of principal of or interest on an issue of bonds after the issue becomes due, whether at maturity or upon call for redemption, and the default continues for 30 days, or if the board fails or refuses to comply with this chapter, or defaults in an agreement made with the holders of an issue of bonds, the holders of 25% of the aggregate principal amount of the bonds of the issue then outstanding, may appoint a trustee to represent all holders of that issue of bonds for the purposes provided in this section.     (2) The trustee may, and upon written request of the holders of 25% of the aggregate principal amount of the bonds of the issue then outstanding shall, in his own name by action or proceeding enforce all rights of the bondholders including the following:   (a) bringing an action to require the board to collect fees, charges, interest, and amortization payments of loans made by it adequate to carry out the agreement as to, or pledge of, the fees, charges, interest, and amortization payment on the loans and other properties;     (b) bringing an action to require the board to carry out other agreements with the holders of the bonds and to perform its duties under this chapter;     (c) bringing an action upon the bonds; or     (d) bringing an action to require the board to account as if it were the trustee of an express trust for the holders of the bonds due and payable, and if all defaults are made good, then, with the consent of the holders of 25% of the principal amount of the issue of bonds then outstanding, to annul the declaration and its consequences.       (3) The holders of bonds and the trustee authorized by this section shall have all of the rights to which they are entitled by virtue of provisions included in the bonds or otherwise available to them under law.    Enacted by Chapter 167, 1987 General Session
UT Code § 53B-13-112 (2021)
2021 Utah Code|Title 53B - State System of Higher Education|Chapter 13 - Higher Education Loan Act|Section 112 - Separation of duties, responsibilities, funds, liabilities, and expenses -- Immunity from personal liability.

53B-13-112. Separation of duties, responsibilities, funds, liabilities, and expenses -- Immunity from personal liability.    (1) The duties, responsibilities, funds, liabilities, and expenses of the board under this chapter shall be maintained wholly separate and apart from their other duties, responsibilities, funds, liabilities, and expenses.     (2) A member of the board or a person executing the notes, bonds, or other obligations of the board is not personally liable for the repayment of the note, bond, or other obligation or subject to personal liability or accountability by reason of its issuance or nonissuance.    Enacted by Chapter 167, 1987 General Session