53B-13a-105 - Disbursal of financial aid -- Additional resources.
53B-13a-105. Disbursal of financial aid -- Additional resources.
(1) The board shall allocate the money available under the program to each Utahpostsecondary institution in the same proportion as the amount of Pell Grant money received bythe institution for resident undergraduate students during the most recently completed fiscal yearthat Pell Grants were given bears to the total Pell Grant money received by all Utahpostsecondary institutions for resident undergraduate students during that same year.
(2) The board may accept grants, gifts, bequests, and devises of real and personalproperty from any source for the purpose of granting student financial aid in addition to thatfunded by the state.
Amended by Chapter 10, 2004 General Session