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Code · Utah · Title 53H — Higher Education · Chapter 16

Superseded 7/1/2026

167 words·~1 min read·/ut/title-53h/chapter-16/7-8

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 10/14/2025
Superseded 7/1/2026
53H-16-404. Utah innovation fund investment committee duties.
(1)The investment committee shall:
(a)comply with guidelines and directives from the institute board;
(b)manage and conduct business affairs of the Utah innovation fund;
(c)establish policies for the management of the Utah innovation fund, including:
(i)an investment management code of conduct and associated compliance policy;
(ii)a policy for the strategic allocation of Utah innovation fund assets; and
(iii)a policy articulating the investment committee's investment philosophy for Utah innovation fund assets; and
(d)ensure that policies adopted by the investment committee are:
(i)consistent with this chapter, the Utah Constitution, and other applicable law;
(ii)consistent with sound fiduciary principles; and
(iii)designed to maintain the integrity of the Utah innovation fund and prevent the misapplication of money in the Utah innovation fund.
(2)The investment committee shall engage a third-party to audit the Utah innovation fund at least annually.
Renumbered and Amended by Chapter 8 , 2025 Special Session 1
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