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Code · Utah · Title 63N — Economic Opportunity Act · Chapter 6

63N-6-402. Compensation from the Utah fund of funds to the corporation -- Transfer to restricted account.

90 words·~1 min read·/ut/title-63n/chapter-6/63n-6-402·

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Effective 5/4/2022
63N-6-402. Compensation from the Utah fund of funds to the corporation -- Transfer to restricted account.
(1)The corporation shall be compensated for its involvement in the Utah fund of funds through the payment of the management fee described in Section 63N-6-305 .
(a)On or before June 30, 2022, the Utah fund of funds shall transfer $15,000,000 to the state treasurer.
(b)The state treasurer shall deposit the money described in Subsection
(a)into the restricted account.
Amended by Chapter 298 , 2022 General Session
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