Utah Statutes
§ 67-19d-301 — Investment of State Post-Retirement Benefits Trust Fund.
Utah·Title 67 State Officers and Employees·Ch. 67-19d State Post-Retirement Benefits Trust Fund Act·Part 67-19d-3 Trust Fund Investments
(1)The state treasurer shall invest the assets of the State Post-Retirement Benefits Trust Fund created under Section 67-19d-201 and the Elected Official Post-Retirement Benefits Trust Fund created under Section 67-19d-201.5 with the primary goal of providing for the stability, income, and growth of the principal.
(2)Nothing in this section requires a specific outcome in investing.
(3)The state treasurer may deduct any administrative costs incurred in managing trust fund assets from earnings before distributing them.
(4)(4)(a) The state treasurer may employ professional asset managers to assist in the investment of assets of the trust fund.
(4)(b) The treasurer may only provide compensation to asset managers from earnings generated by the trust fund's investments.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 67-19d-301 (Investment of State Post-Retirement Benefits Trust Fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 376, 2012 General Session
Nearby Sections
15
§ 67-1-1
General powers and duties.§ 67-1-1.5
Gubernatorial appointment powers.§ 67-1-12
Displaced defense workers.§ 67-1-14
Information technology.§ 67-1-4
Records to be kept.§ 67-1-5
Commissioning officers.