2006 Utah Code - 53A-4-205 — Establishment of public education foundations -- Powers and duties -- Tax exempt status.

     53A-4-205.   Establishment of public education foundations -- Powers and duties -- Tax exempt status.
     (1) State and local school boards may establish foundations to:
     (a) assist in the development and implementation of the programs authorized under this part to promote educational excellence; and
     (b) assist in the accomplishment of other education-related objectives.
     (2) A foundation established under Subsection (1):
     (a) may solicit and receive contributions from private enterprises for the purpose of this part;
     (b) shall comply with Title 51, Chapter 7, State Money Management Act, and rules made under the act;
     (c) has no power or authority to incur contractual obligations or liabilities that constitute a claim against public funds except as provided in this section;
     (d) may not exercise executive, administrative, or rulemaking authority over the programs referred to in this part, except to the extent specifically authorized by the responsible school board;
     (e) is exempt from all taxes levied by the state or any of its political subdivisions with respect to activities conducted under this part; and
     (f) may participate in the Risk Management Fund under Section 63A-4-204.

Amended by Chapter 225, 1999 General Session