Utah § 51-12-201 Investment opportunities.

Utah Statutes

§ 51-12-201 — Investment opportunities.

Utah § 51-12-201

Title 51Public Funds and Accounts

Ch. 51-12Utah Homes Investment Program

Part 51-12-2Investment Program

This text of Utah § 51-12-201 (Investment opportunities.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 51-12-201 (2026).

Text

(1)A qualified depository may request the state treasurer to make a deposit in the qualified depository if the qualified depository:

(1)(a) has identified and approved for financing a qualified project; and

(1)(b) requests no more than 100% of the financing for a qualified project.

(2)Subject to Subsection (3), the state treasurer shall approve the qualified depository's request for deposit:

(2)(a) unless the state treasurer determines the qualified depository does not merit deposit under fiduciary duties and prudent investment practices within the parameters of this chapter;

(2)(b) in an amount that is equal to the lesser of:

(2)(b)(i) the deposit amount requested;

(2)(b)(ii) $60,000,000; or

(2)(b)(iii) 50% of the qualified depository's maximum amount of public deposits determined in ac

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(1) A qualified depository may request the state treasurer to make a deposit in the qualified depository if the qualified depository:
(1)(a) has identified and approved for financing a qualified project; and
(1)(b) requests no more than 100% of the financing for a qualified project.
(2) Subject to Subsection (3), the state treasurer shall approve the qualified depository's request for deposit:
(2)(a) unless the state treasurer determines the qualified depository does not merit deposit under fiduciary duties and prudent investment practices within the parameters of this chapter;
(2)(b) in an amount that is equal to the lesser of:
(2)(b)(i) the deposit amount requested;
(2)(b)(ii) $60,000,000; or
(2)(b)(iii) 50% of the qualified depository's maximum amount of public deposits determined in accordance with Section 51-7-18.1; and
(2)(c) as sufficient money becomes available in the fund and in accordance with Subsection 72-2-134(4)(a).
(3) The state treasurer may not approve a request for deposit after December 31, 2027.
(4) The state treasurer shall notify Utah Housing Corporation of any qualified projects for which the state treasurer makes a deposit in a qualified depository.