Current through the 2024 Fourth Special Session
Section 63A-5b-1101 - Gifts, grants, and donations(1)(a) The state or the division may receive a gift, grant, or donation to further the purposes of this part.(b) A gift, grant, or donation described in Subsection (1)(a) may not revert to the General Fund.(2)(a) This Subsection (2) applies if: (i) a donor donates land to an institution of higher education and commits to construct a building or buildings on the land; and(ii) the institution of higher education: (A) agrees to provide funds for the operation and maintenance costs of the building or buildings from sources other than state funds; and(B) agrees that the building or buildings will not be eligible for state capital improvement funding.(b) Notwithstanding any other provision of this chapter, an institution of higher education that receives a donation described in Subsection (2)(a) may: (i) oversee and manage a construction project on the donated land without involvement, oversight, or management from the division; or(ii) arrange for oversight and management of the construction project by the division.(c) The role of compliance agency on a construction project on the donated land shall be provided by: (i) the institution of higher education, for a construction project that the institution of higher education oversees and manages under Subsection (2)(b); or(ii) the director, for a construction project that the division oversees and manages under Subsection (2)(b)(ii).Added by Chapter 152, 2020 General Session ,§ 69, eff. 5/12/2020.