(1) The state treasurer shall:
(a) invest money in the fund with the following goals, in order of priority:
- (i) providing for growth of the principal; and
- (ii) fund stability;
(b) invest and manage fund assets as a prudent investor would by:
- (i) considering the purpose, terms, distribution requirements, and other circumstances of the fund; and
- (ii) exercising reasonable care, skill, and caution in order to meet the standard of care of a prudent investor; and
- (c) deposit into the fund the interest, dividends, or other earnings attributable to the fund.
- (2) The state treasurer may deduct any administrative costs incurred by managing the fund from earnings generated by investments in the fund.
Enacted by Chapter 272, 2025 General Session