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

Utah Statutes

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

Utah·Title 53H Higher Education·Ch. 53H-16 Nucleus Institute·Part 53H-16-4 Utah Innovation Fund

(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

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(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.

Utah § 53H-16-404 (Utah innovation fund investment committee duties.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.