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Utah Code Title 49. Utah State Retirement and Insurance Benefit Act § 49-11-302. Board duties with respect to fund

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) The board:

(a) shall review and establish the asset allocation of the Utah State Retirement Investment Fund for investment, and with the executive director, shall determine the method of investing the funds;

(b) through the executive director:

(i) shall invest the money in the Utah State Retirement Investment Fund; and

(ii) may provide for the holding, purchasing, selling, assigning, transferring, and disposing of any of the securities and investments in which any of the money of the Utah State Retirement Investment Fund is invested.

(2) Fees for all services shall be paid from the interest earnings of the Utah State Retirement Investment Fund.

(3) Title to real estate or any other fund investment may be:

(a) held in the name of the Utah State Retirement Investment Fund; or

(b) held in another name or names as determined by the board.

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Cite this article: FindLaw.com - Utah Code Title 49. Utah State Retirement and Insurance Benefit Act § 49-11-302. Board duties with respect to fund - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-49-utah-state-retirement-and-insurance-benefit-act/ut-code-sect-49-11-302/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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