The Higher Education Technology Initiative (HETI) funding helps USHE institutions meet their technological needs. Appropriated funds are transferred to one account administered by the State Board of Regents. A consortium of institutions enters into enterprise software contracts on a state level, resulting in large discounts. Depending on the type of software license, fees are paid either at the consortium level or at the individual institution level.
During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $4,573,500 from all sources for Higher Education Technology Initiative. This is a 0 percent change from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $4,573,500 from the General/Education Funds, a change of 0 percent from revised Fiscal Year 2015 estimates.
In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:
COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.