Utah § 53H-16-405 Utah innovation fund investment committee chair -- Duties.

Utah Statutes

§ 53H-16-405 — Utah innovation fund investment committee chair -- Duties.

Utah § 53H-16-405

Title 53HHigher Education

Ch. 53H-16Nucleus Institute

Part 53H-16-4Utah Innovation Fund

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Bluebook

Utah Code Ann. § 53H-16-405 (2026).

Text

(1)The institute board shall appoint and determine compensation for a chair of the investment committee.

(2)The committee chair shall:

(2)(a) manage and execute the policies established by the institute board and the investment committee;

(2)(b) in consultation with the investment committee, manage qualified investments made by the Utah innovation fund;

(2)(c) annually submit to the institute:

(2)(c)(i) a budget for the Utah innovation fund; and

(2)(c)(ii) a financial plan for operations of the Utah innovation fund;

(2)(d) in accordance with generally accepted principles of fund accounting, establish a system to identify and account for Utah innovation fund assets;

(2)(e) maintain appropriate records of Utah innovation fund activities to enable auditors to conduct periodic audits as desc

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(1) The institute board shall appoint and determine compensation for a chair of the investment committee.
(2) The committee chair shall:
(2)(a) manage and execute the policies established by the institute board and the investment committee;
(2)(b) in consultation with the investment committee, manage qualified investments made by the Utah innovation fund;
(2)(c) annually submit to the institute:
(2)(c)(i) a budget for the Utah innovation fund; and
(2)(c)(ii) a financial plan for operations of the Utah innovation fund;
(2)(d) in accordance with generally accepted principles of fund accounting, establish a system to identify and account for Utah innovation fund assets;
(2)(e) maintain appropriate records of Utah innovation fund activities to enable auditors to conduct periodic audits as described in Section 53H-16-407; and
(2)(f) fulfill other duties as provided by the investment committee.