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Code · Utah · Title 67 — State Officers and Employees · Chapter 19F

67-19f-301. Investment of State Employees' Annual Leave Program II Trust Fund.

121 words·~1 min read·/ut/title-67/chapter-19f/67-19f-301

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

Effective 5/13/2014
67-19f-301. Investment of State Employees' Annual Leave Program II Trust Fund.
(1)The state treasurer shall invest the assets of the trust fund with the primary goal of providing for the stability, income, and growth of the principal.
(2)Nothing in this section requires a specific outcome in investing.
(3)The state treasurer may deduct any administrative costs incurred in managing trust fund assets from earnings before distributing the trust fund assets.
(a)The state treasurer may employ professional asset managers to assist in the investment of assets of the trust fund.
(b)The treasurer may only provide compensation to asset managers from earnings generated by the trust fund's investments.
Enacted by Chapter 437 , 2014 General Session
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