UTAH CODE (Last Updated: January 16, 2015) |
Title 53D. School and Institutional Trust Fund |
Chapter 1. School and Institutional Trust Fund Management Act |
Part 7. Review of Decisions or Actions |
§ 53D-1-701. Petition for review of director or office decision or action -- Hearing examiner -- Decision -- Judicial review. (Effective 7/1/2014)
Latest version.
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(1) (a) Subject to Subsection (1)(b), a person aggrieved by a decision or action of the director or office may, in accordance with rules adopted by the board under Section 53D-1-702, petition the board for an administrative review of the decision or action. (b) A person may not petition for review of: (i) a decision whether to buy, sell, hold, or exchange a specific investment; or (ii) an action to buy, sell, hold, or exchange a specific investment. (2) (a) The board may appoint a qualified hearing examiner to take evidence and make a recommendation for board action on the petition. (b) If the board appoints a hearing examiner under Subsection (2)(a), the board shall, in conducting its review and making its decision on the petition, consider the hearing examiner's recommendation. (4) A person aggrieved by a final decision of the board on a petition filed under this section may seek judicial review of that decision as provided in Sections 63G-4-402 and 63G-4-403.
Enacted by Chapter 426, 2014 General Session