UTAH CODE (Last Updated: January 16, 2015) |
Title 67. State Officers and Employees |
Chapter 19d. State Post-Retirement Benefits Trust Fund Act |
Part 3. Trust Fund Investments |
§ 67-19d-301. Investment of State Post-Retirement Benefits Trust Fund.
Latest version.
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(1) The state treasurer shall invest the assets of the State Post-Retirement Benefits Trust Fund created under Section 67-19d-201 and the Elected Official Post-Retirement Benefits Trust Fund created under Section 67-19d-201.5 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 them.
Amended by Chapter 376, 2012 General Session