Utah § 51-13-202 State Sovereignty Fund -- Investment -- Administrative costs.

Utah Statutes

§ 51-13-202 — State Sovereignty Fund -- Investment -- Administrative costs.

Utah § 51-13-202

Title 51Public Funds and Accounts

Ch. 51-13State Sovereignty Fund

Part 51-13-2Establishment of State Sovereignty Fund

This text of Utah § 51-13-202 (State Sovereignty Fund -- Investment -- Administrative costs.) 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. § 51-13-202 (2026).

Text

(1)The state treasurer shall:

(1)(a) invest money in the fund with the following goals, in order of priority:

(1)(a)(i) providing for growth of the principal; and

(1)(a)(ii) fund stability;

(1)(b) invest and manage fund assets as a prudent investor would by:

(1)(b)(i) considering the purpose, terms, distribution requirements, and other circumstances of the fund; and

(1)(b)(ii) exercising reasonable care, skill, and caution in order to meet the standard of care of a prudent investor; and

(1)(c) deposit into the fund the interest, dividends, or other earnings attributable to the fund.

(2)The state treasurer may deduct any administrative costs incurred by managing the fund from earnings generated by investments in the fund.

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(1) The state treasurer shall:
(1)(a) invest money in the fund with the following goals, in order of priority:
(1)(a)(i) providing for growth of the principal; and
(1)(a)(ii) fund stability;
(1)(b) invest and manage fund assets as a prudent investor would by:
(1)(b)(i) considering the purpose, terms, distribution requirements, and other circumstances of the fund; and
(1)(b)(ii) exercising reasonable care, skill, and caution in order to meet the standard of care of a prudent investor; and
(1)(c) deposit into the fund the interest, dividends, or other earnings attributable to the fund.
(2) The state treasurer may deduct any administrative costs incurred by managing the fund from earnings generated by investments in the fund.