Utah Statutes
§ 53D-1-105 — Annual audit by state auditor.
Utah·Title 53D School and Institutional Trust Fund Management and Land Trusts Protection and Advocacy Office·Ch. 53D-1 School and Institutional Trust Fund Management Act·Part 53D-1-1 General Provisions
(1)The state auditor shall conduct an annual audit of the trust fund money and assets on a fund by fund basis, including:
(1)(a) an evaluation of the independent custodial arrangements made for the management and investment of trust fund money and assets; and
(1)(b) a verification of the accuracy of the office's report of returns generated on the office's investments.
(2)The state auditor shall:
(2)(a) report the results of an audit under this section in writing; and
(2)(b) make the written audit report available to the public.
(3)The state auditor shall consult with the board at least annually as to whether additional matters should be included within the scope of the annual audit.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 53D-1-105 (Annual audit by state auditor.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 426, 2014 General Session
Nearby Sections
15
§ 53D-1-102
Definitions.§ 53D-1-103
Application of other law.§ 53D-1-104
Attorney general representation.§ 53D-1-105
Annual audit by state auditor.§ 53D-1-202
Access to office records and personnel.§ 53D-1-203
Funding of office operations.§ 53D-1-301
Board of trustees -- Creation -- Membership.§ 53D-1-302
Board chair and vice chair -- Quorum.§ 53D-1-303
Board authority and duties.§ 53D-1-304
Board meetings -- Closed meetings.§ 53D-1-401
Appointment of director -- Qualifications -- Nature of employment -- Removal by petition.§ 53D-1-402
Director duties and responsibilities.§ 53D-1-403
Reports.