Utah § 67-19f-301 Investment of State Employees' Annual Leave Program II Trust Fund.

Utah Statutes

§ 67-19f-301 — Investment of State Employees' Annual Leave Program II Trust Fund.

Utah·Title 67 State Officers and Employees·Ch. 67-19f State Employees' Annual Leave Trust Fund Act·Part 67-19f-3 Investment of Trust Funds

(1)The state treasurer shall invest the assets of the trust fund 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 the trust fund assets.

(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

(1) The state treasurer shall invest the assets of the trust fund 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 the trust fund assets.
(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.

Utah § 67-19f-301 (Investment of State Employees' Annual Leave Program II Trust Fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.