53H-16-405. Nucleus Fund investment committee chair -- Duties.
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Effective 7/1/2026
53H-16-405. Nucleus Fund investment committee chair -- Duties.
(1)The institute board shall appoint a chair of the investment committee.
(2)The committee chair shall:
(a)manage and execute the policies established by the institute board and the investment committee;
(b)in consultation with the investment committee, manage qualified investments made by the Nucleus Fund;
(c)annually submit to the institute:
(i)a budget for the Nucleus Fund; and
(ii)a financial plan for operations of the Nucleus Fund;
(d)in accordance with generally accepted principles of fund accounting, establish a system to identify and account for Nucleus Fund assets;
(e)maintain appropriate records of Nucleus Fund activities to enable auditors to conduct periodic audits as described in Section 53H-16-407 ; and
(f)fulfill other duties as provided by the investment committee.
Amended by Chapter 138 , 2026 General Session