Utah § 53H-16-404 Utah innovation fund investment committee duties.

Utah Statutes

§ 53H-16-404 — Utah innovation fund investment committee duties.

Utah § 53H-16-404

Title 53HHigher Education

Ch. 53H-16Nucleus Institute

Part 53H-16-4Utah Innovation Fund

This text of Utah § 53H-16-404 (Utah innovation fund investment committee duties.) 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. § 53H-16-404 (2026).

Text

(1)The investment committee shall:

(1)(a) comply with guidelines and directives from the institute board;

(1)(b) manage and conduct business affairs of the Utah innovation fund;

(1)(c) establish policies for the management of the Utah innovation fund, including:

(1)(c)(i) an investment management code of conduct and associated compliance policy;

(1)(c)(ii) a policy for the strategic allocation of Utah innovation fund assets; and

(1)(c)(iii) a policy articulating the investment committee's investment philosophy for Utah innovation fund assets; and

(1)(d) ensure that policies adopted by the investment committee are:

(1)(d)(i) consistent with this chapter, the Utah Constitution, and other applicable law;

(1)(d)(ii) consistent with sound fiduciary principles; and

(1)(d)(iii) designed to maint

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

(1) The investment committee shall:
(1)(a) comply with guidelines and directives from the institute board;
(1)(b) manage and conduct business affairs of the Utah innovation fund;
(1)(c) establish policies for the management of the Utah innovation fund, including:
(1)(c)(i) an investment management code of conduct and associated compliance policy;
(1)(c)(ii) a policy for the strategic allocation of Utah innovation fund assets; and
(1)(c)(iii) a policy articulating the investment committee's investment philosophy for Utah innovation fund assets; and
(1)(d) ensure that policies adopted by the investment committee are:
(1)(d)(i) consistent with this chapter, the Utah Constitution, and other applicable law;
(1)(d)(ii) consistent with sound fiduciary principles; and
(1)(d)(iii) designed to maintain the integrity of the Utah innovation fund and prevent the misapplication of money in the Utah innovation fund.
(2) The investment committee shall engage a third-party to audit the Utah innovation fund at least annually.