Superseded 7/1/2026
157 words·~1 min read·
/ut/title-53h/chapter-16/7-9A 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Superseded 7/1/2026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-16-405. Utah innovation fund investment committee chair -- Duties.
(1)The institute board shall appoint and determine compensation for 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 Utah innovation fund;
(c)annually submit to the institute:
(i)a budget for the Utah innovation fund; and
(ii)a financial plan for operations of the Utah innovation fund;
(d)in accordance with generally accepted principles of fund accounting, establish a system to identify and account for Utah innovation fund assets;
(e)maintain appropriate records of Utah innovation 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.
Renumbered and Amended by Chapter 8 , 2025 Special Session 1