Utah Code Ann. tit. 51, ch. 7 – State Money Management Act | Midpage

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Utah Code

Chapter 7

Utah Code Ann. tit. 51, ch. 7

State Money Management Act

51-7-1Short title of chapter.51-7-2Exemptions from chapter.51-7-3Definitions.51-7-3.5State fiscal year.51-7-4Transfer of functions, powers, and duties relating to public funds to state treasurer -- Exceptions -- Deposit of income from investment of state money.51-7-5Public Treasurers' Investment Fund -- Transfer of public funds not otherwise required to be transferred to state treasurer -- Duties of public treasurers -- Withdrawals of transferred funds -- Reporting.51-7-6Public Treasurers' Investment Fund -- Calculation of shares of participating funds -- Allocations of income to participating funds.51-7-7Securities and evidence of deposits and investments -- Custody -- Deposit for safekeeping.51-7-8Separate accounts for funds -- Credit of allocated shares of income and gains or losses.51-7-9Quarterly reports by state treasurer -- Audit of accounts of state treasurer -- Report of audit -- Employment of investment staff and services.51-7-11Authorized deposits or investments of public funds.51-7-11.5Certified investment advisers -- Scope of and limits to authority.51-7-12.2Definitions -- Local government other post-employment benefits trust fund -- Investments -- State treasurer duties.51-7-13Funds of member institutions of state system of higher education and public education foundations -- Authorized deposits or investments.51-7-14Prudent investor rule for management of investments -- Proxy voting -- Sale of security or investment for less than cost -- State treasurer access.51-7-15Crime insurance for state treasurer and other public treasurers -- Reports to council.51-7-16State Money Management Council -- Members -- Terms -- Vacancies -- Chair and vice chair-- Executive secretary -- Meetings -- Quorum -- Members' disclosure of interests -- Per diem and expenses.51-7-17Criteria for investments.51-7-18Duties of council.51-7-18.1Qualified depositories list -- Reports -- Treatment of confidential information -- Powers -- Staff -- Limits on powers.51-7-18.2Public treasurer's reports -- Contents.51-7-18.3Certified dealers' list -- Fees.51-7-18.4Certified investment advisers' list -- Fees.51-7-19Increase in deposits of public funds -- Authorization.51-7-22Penalty for violation by public treasurer.51-7-22.4Penalties for violation by certified investment advisers.51-7-22.5Enforcement.51-7-23Transition of investments previously authorized.51-7-24Sales and purchase in violation -- Remedies -- Limitation of action.