Utah § 53D-1-501 Nominating committee -- Membership -- Terms -- Vacancies -- Compensation.

Utah Statutes

§ 53D-1-501 — Nominating committee -- Membership -- Terms -- Vacancies -- Compensation.

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-1-5 Nominating Committee

(1)There is established a School and Institutional Trust Fund Nominating Committee.

(2)The nominating committee consists of:

(2)(a) four members, appointed by the state treasurer upon recommendation by the advocacy office director, each of whom is a member of a respected professional investment organization;

(2)(b) the chief investment officer of the University of Utah endowment;

(2)(c) the chief investment officer of the Utah State University endowment; and

(2)(d) the advocacy office director.

(3)An individual appointed as a member of the nominating committee under Subsection (2)(a) shall be appointed based on the individual's expertise in:

(3)(a) investment finance;

(3)(b) institutional asset management;

(3)(c) trust administration; or

(3)(d) the practice of law in the areas of capi

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(1) There is established a School and Institutional Trust Fund Nominating Committee.
(2) The nominating committee consists of:

(2)(a) four members, appointed by the state treasurer upon recommendation by the advocacy office director, each of whom is a member of a respected professional investment organization;
(2)(b) the chief investment officer of the University of Utah endowment;
(2)(c) the chief investment officer of the Utah State University endowment; and
(2)(d) the advocacy office director.
(3) An individual appointed as a member of the nominating committee under Subsection (2)(a) shall be appointed based on the individual's expertise in:

(3)(a) investment finance;
(3)(b) institutional asset management;
(3)(c) trust administration; or
(3)(d) the practice of law in the areas of capital markets, securities law, trusts, foundations, endowments, investment finance, institutional asset management, or trust administration.
(4) The term of a member appointed under Subsection (2)(a) is four years.
(5) A nominating committee member shall serve until a successor is appointed and qualified.
(6) (6)(a) If a member appointed under Subsection (2)(a) leaves office, the vacancy shall be filled in the same manner as the initial appointment under Subsection (2)(a).
(6)(b) An individual appointed to fill a vacancy under Subsection (6)(a) serves the remainder of the unexpired term.
(7) A member of the nominating committee may not receive compensation or benefits for the member's service, but may receive per diem and travel expenses in accordance with:

(7)(a) Section 63A-3-106;
(7)(b) Section 63A-3-107; and
(7)(c) rules made by the Division of Finance pursuant to Sections 63A-3-106 and 63A-3-107.

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