(1) "Account" means the Performance Funding Restricted Account created in Section 53B-7-703.

(2) "Estimated revenue growth from targeted jobs" means the estimated increase in individual income tax revenue generated by individuals employed in targeted jobs, determined by the Department of Workforce Services in accordance with Section 53B-7-704.

(3) "Full new performance funding amount" means the maximum amount of new performance funding that a higher education institution or technical college may qualify for in a fiscal year, determined by the Legislature in accordance with Section 53B-7-705.

(4) "Full-time" means the number of credit hours the board determines is full-time enrollment for a student.

(5) "GOED" means the Governor's Office of Economic Development created in Section 63N-1-201.

(6) "Higher education institution" means the same as that term is defined in Section 53B-7-101.

(7) "Job" means an occupation determined by the Department of Workforce Services.

(8) "Membership hour" means 60 minutes of scheduled instruction provided by a technical college to a student enrolled in the technical college.

(9) "New performance funding" means the difference between the total amount of money in the account and the amount of money appropriated from the account for performance funding in the current fiscal year.

(10) "Performance" means total performance across the metrics described in: (a) Section 53B-7-706 for a higher education institution; or (b) Section 53B-7-707 for a technical college.

(a) Section 53B-7-706 for a higher education institution; or

(b) Section 53B-7-707 for a technical college.

(11) "Research university" means the University of Utah or Utah State University.

(12) "Targeted job" means a job designated by the Department of Workforce Services or GOED in accordance with Section 53B-7-704.

(13) "Technical college graduate" means an individual who: (a) has earned a certificate from an accredited program at a technical college; and (b) is no longer enrolled in the technical college.

(a) has earned a certificate from an accredited program at a technical college; and

(b) is no longer enrolled in the technical college.

(14) "Utah System of Technical Colleges" means the Utah System of Technical Colleges described in Chapter 2a, Utah System of Technical Colleges.