Utah Statutes
§ 63N-6-405 — Annual audits.
Utah·Title 63N Economic Opportunity Act·Ch. 63N-6 Utah Venture Capital Enhancement Act·Part 63N-6-4 Utah Fund of Funds
(1)Each calendar year, an audit of the activities of the Utah fund of funds shall be made as described in this section.
(2)(2)(a) The audit shall be conducted by:
(2)(a)(i) the state auditor; or
(2)(a)(ii) an independent auditor engaged by the state auditor.
(2)(b) An independent auditor used under Subsection (2)(a)(ii) must have no business, contractual, or other connection to:
(2)(b)(i) the corporation; or
(2)(b)(ii) the Utah fund of funds.
(3)The corporation shall pay the costs associated with the annual audit.
(4)The annual audit report shall:
(4)(a) be delivered to:
(4)(a)(i) the corporation; and
(4)(a)(ii) the state treasurer;
(4)(b) include a valuation of the assets owned by the Utah fund of funds as of the end of the reporting year;
(4)(c) include an opinion regarding the accu
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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.