Definitions

As used in this chapter: (1) "Account" means the School and Institutional Trust Fund Management Account, created in Section 53D-1-203. (2) "Advocacy office" means the School and Institutional Trust Beneficiaries' Advocacy Office, created in Section 53D-2-201. (3) "Advocacy office director" means the director of the School and Institutional Trust Beneficiaries' Advocacy Office, appointed under Section 53D-2-401. (4) "Beneficiaries": (a) means those listed in Subsection 53D-2-201(3) for whose benefit the trust fund is managed and preserved, consistent with the enabling act, the Utah Constitution, and state law; and (b) does not include other government institutions or agencies, the public at large, or the general welfare of the state. (5) "Board" means the board of trustees established in Section 53D-1-301. (6) "Director" means the director of the office. (7) "Enabling act" means the act of Congress, dated July 16, 1894, enabling the people of Utah to form a constitution and state government and to be admitted into the Union. (8) "Nominating committee" means the committee established under Section 53D-1-501. (9) "Office" means the School and Institutional Trust Fund Office, created in Section 53D-1-201. (10) "Trust fund" means money derived from: (a) the sale or use of land granted to the state under Sections 6, 8, and 12 of the Utah Enabling Act; (b) proceeds referred to in Section 9 of the enabling act from the sale of public land; and (c) revenue and assets referred to in Utah Constitution, Article X, Section 5, Subsections (1)(c), (e), and (f).