Utah § 53D-1-105 Annual audit by state auditor.

Utah Statutes

§ 53D-1-105 — Annual audit by state auditor.

Utah § 53D-1-105

Title 53DSchool and Institutional Trust Fund Management and Land Trusts Protection and Advocacy Office

Ch. 53D-1School and Institutional Trust Fund Management Act

Part 53D-1-1General Provisions

This text of Utah § 53D-1-105 (Annual audit by state auditor.) 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. § 53D-1-105 (2026).

Text

(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.

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(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.