Utah Code Title 53B. State System of Higher Education § 53B-7-601. Foreign bank accounts for higher education purposes

(1) As used in this section, “foreign depository institution” is as defined in Section 7-1-103.

(2) In accordance with Subsection 51-7-4(1)(b)(iii), a higher education institution may deposit funds in a foreign depository institution for purposes of conducting academic, research, or clinical activities in the foreign country, if the:

(3) The foreign depository institution in which funds are deposited under this section shall meet the requirements of rules made by the State Money Management Council under Section 51-7-18.