(1) Except as specifically modified in its authorizing statute, each independent corporation shall be exempt from the statutes governing state agencies, including:
(a) Title 51, Chapter 5, Funds Consolidation Act;
(b) Title 51, Chapter 7, State Money Management Act;
(c) Title 63A, Utah Government Operations Code;
(d) Title 63G, Chapter 3, Utah Administrative Rulemaking Act;
(e) Title 63G, Chapter 4, Administrative Procedures Act;
(f) Title 63G, Chapter 6a, Utah Procurement Code;
(g) Title 63J, Chapter 1, Budgetary Procedures Act;
(h) Title 63J, Chapter 2, Revenue Procedures and Control Act; and
(i) Title 63A, Chapter 17, Utah State Personnel Management Act.
(2) Except as specifically modified in its authorizing statute, each independent corporation shall be subject to:
(a) Title 52, Chapter 4, Open and Public Meetings Act;
(b) Section 67-3-12; and
(c) Title 63G, Chapter 2, Government Records Access and Management Act.
(3) Each independent corporation board may adopt its own policies and procedures governing its:
(a) funds management;
(b) audits; and
(c) personnel.