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

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

(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)(a) The state treasurer may employ professional asset managers to assist in the investment of assets of the trust fund.

(b) The treasurer may only provide compensation to asset managers from earnings generated by the trust fund's investments.

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Cite this article: FindLaw.com - Utah Code Title 67. State Officers and Employees § 67-19f-301. Investment of State Employees' Annual Leave Program II Trust Fund - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-67-state-officers-and-employees/ut-code-sect-67-19f-301/

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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