Utah Statutes
§ 63N-6-305 — Management fee -- Additional financial assistance.
Utah·Title 63N Economic Opportunity Act·Ch. 63N-6 Utah Venture Capital Enhancement Act·Part 63N-6-3 Utah Capital Investment Corporation
(1)The corporation may charge a management fee on assets under management in the Utah fund of funds.
(2)The management fee described in Subsection (1) may not, in a calendar year, exceed 1% of the asset value of the Utah fund of funds on the immediately preceding December 31.
(3)In addition to the management fee, the Utah fund of funds will pay directly or reimburse the corporation for out-of-pocket expenses, including fund administration, tax and audit fees and costs, investment and monitoring costs, and similar expenses incurred in connection with the operation of the corporation or the Utah fund of funds.
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Legislative History
Amended by Chapter 298, 2022 General Session
Nearby Sections
15
§ 63N-13-101
Title -- Projects to assist companies to secure new business with federal, state, and local governments.§ 63N-13-301
Title.§ 63N-13-302
Definitions.§ 63N-13-303
Contract with facilitator.§ 63N-13-304
Functions and responsibilities of facilitator.§ 63N-13-305
Office oversight over contract performance of facilitator -- Office reports to Legislature.§ 63N-16-102
Definitions.§ 63N-16-104
Creation and duties of advisory committee.§ 63N-16-105
Annual report.§ 63N-16-202
Scope of the regulatory sandbox.§ 63N-16-203
Consumer protection for regulatory sandbox.§ 63N-16-204
Requirements for exiting regulatory sandbox.