9-3-407 - Authority -- Powers. - Utah Statutes

9-3-407. Authority -- Powers.
(1) (a) The authority shall create, operate, and maintain a center that shall promote thepurposes described in Section 9-3-402.
(b) The center shall:
(i) have an extensive outreach program that serves all regions of the state; and
(ii) collaborate and coordinate with education, arts, technology, and engineering entities,including schools and industries.
(2) The authority has perpetual succession as a body politic and corporate and may:
(a) adopt, amend, and repeal rules, policies, and procedures for the regulation of itsaffairs and the conduct of its business;
(b) sue and be sued in its own name;
(c) maintain an office at any place or places within this state it may designate;
(d) adopt, amend, and repeal bylaws and rules, not inconsistent with this part, to carryinto effect the powers and purposes of the authority and the conduct of its business;
(e) purchase, lease, sell, and otherwise dispose of property and rights-of-way;
(f) employ experts, advisory groups, and other professionals it considers necessary;
(g) employ and retain independent legal counsel;
(h) make and execute contracts and all other instruments necessary or convenient for theperformance of its duties and the exercise of its duties under this part to create, operate, andmaintain a Science Center in Utah;
(i) procure insurance for liability and against any loss in connection with its property andother assets in amounts and from insurers it considers desirable;
(j) borrow money, receive appropriation from the Legislature, and receive other publicmoney and accept aid or contributions from any source of money, property, labor, or other thingsof value to be held, used, and applied to carry out the purposes of this part subject to theconditions upon which the grants and contributions are made, including gifts or grants from anydepartment, agency, or instrumentality of the United States or of this state for any purposeconsistent with this part;
(k) enter into agreements with any department, agency, or instrumentality or politicalsubdivision of the United States or this state for the purpose of providing for the creation,operation, and maintenance of a Science Center in Utah; and
(l) to do any act necessary or convenient to the exercise of the powers granted by thispart.
(3) All money received by the authority under Subsection (2)(j) and from any othersource shall be for the exclusive use of the authority to create, operate, maintain, improve, andprovide for a Science Center in Utah. The money received by the authority may not be used forany other purpose or by any other entity.

Amended by Chapter 378, 2010 General Session