53C-1-307. Annual report.
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Effective 7/1/2025
53C-1-307. Annual report.
(1)At the end of each fiscal year, the director shall publish an annual report of the administration's activities for the preceding fiscal year.
(2)The report described in Subsection
(1)shall contain:
(a)an account of the administration's activities for the preceding fiscal year;
(b)financial statements of the administration that are audited by the state auditor or an independent auditor engaged by the state auditor in accordance with Subsection 67-3-1(3) ;
(c)by no later than June 30, 2029, and annually thereafter, the most recent approximate valuation of the administration's land portfolio as required in Subsection 53C-1-303(1)(i) ; and
(d)an account of the total amount of funds distributed by the administration to the School and Institutional Trust Fund Office in accordance with Subsection 53C-3-102(1) .
Enacted by Chapter 496 , 2025 General Session