Utah § 51-7-5 Public Treasurers' Investment Fund -- Transfer of public funds not otherwise required to be transferred to state treasurer -- Duties of public treasurers -- Withdrawals of transferred funds -- Reporting.

Utah Statutes

§ 51-7-5 — Public Treasurers' Investment Fund -- Transfer of public funds not otherwise required to be transferred to state treasurer -- Duties of public treasurers -- Withdrawals of transferred funds -- Reporting.

Utah § 51-7-5

Title 51Public Funds and Accounts

Ch. 51-7State Money Management Act

This text of Utah § 51-7-5 (Public Treasurers' Investment Fund -- Transfer of public funds not otherwise required to be transferred to state treasurer -- Duties of public treasurers -- Withdrawals of transferred funds -- Reporting.) 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. § 51-7-5 (2026).

Text

(1)Any public funds as to which the deposit, investment, or reinvestment is not transferred to the state treasurer by Section 51-7-4, may be transferred to the Public Treasurers' Investment Fund by the public treasurer having responsibility for the control or management of these public funds.

(2)Notwithstanding the transfer, the public treasurer shall retain sufficient funds to cover the cash requirements of the body owning or having control or management of these funds and shall continue to be responsible for the proper collection, deposit, and disbursement of these funds in the manner provided by law.

(3)The public funds transferred or placed under the control or supervision of the state treasurer under this section are subject to all applicable provisions of this chapter and are unde

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Any public funds as to which the deposit, investment, or reinvestment is not transferred to the state treasurer by Section 51-7-4, may be transferred to the Public Treasurers' Investment Fund by the public treasurer having responsibility for the control or management of these public funds.
(2) Notwithstanding the transfer, the public treasurer shall retain sufficient funds to cover the cash requirements of the body owning or having control or management of these funds and shall continue to be responsible for the proper collection, deposit, and disbursement of these funds in the manner provided by law.
(3) The public funds transferred or placed under the control or supervision of the state treasurer under this section are subject to all applicable provisions of this chapter and are under the jurisdiction of the state treasurer until the public treasurer withdraws these public funds from the state treasurer.
(4) Withdrawals may be made from time to time on such reasonable notice as the state treasurer may prescribe.
(5) The public treasurer may withdraw all or any part of the public funds originally transferred to the state treasurer, subject to any rules as to the maximum amounts which may be withdrawn at any one time as the state treasurer may reasonably prescribe.
(6) On or before October 31 of each calendar year, the state treasurer shall report to the Political Subdivisions Interim Committee the current balance as of June 30 for each entity that has transferred money to the Public Treasurers' Investment Fund.