§ 51-7-9.5. State School Fund report. (Effective 5/13/2014)

(1) The state treasurer shall prepare a report at the end of each fiscal year on the State School Fund created in Utah Constitution Article X, Section 5.

(2) The report shall include the following information:

(a) the name of each asset within the fund and the fair market value of each asset as of June 30;

(b) the amount and date of each contribution to the fund during the fiscal year;

(c) a balance sheet for the most recently completed fiscal year and the previous fiscal year;

(d) the fund's internal rate of return for the previous year, three years, and five years and a comparison of the fund's internal rate of return with benchmark rates of return for the previous year, three years, and five years for the same asset classes;

(e) a summary of the asset allocation policy for the fund;

(f) a description of the fund income, including amounts distributed and amounts retained; and

(g) expenses in dollars and as a percent of fund assets.

(3) The state treasurer shall submit the report to the Education Interim Committee by October 1 of each year.

Amended by Chapter 307, 2014 General Session