Utah Code Ann. § 63N-6-402 – Compensation from the Utah fund of funds to the corporation -- Transfer to restricted account. | Midpage
§ 63N-6-402
Utah Code Ann. § 63N-6-402
Compensation from the Utah fund of funds to the corporation -- Transfer to restricted account.
Effective May 4, 2022Amended by Chapter 298, 2022 General Session
(1) The corporation shall be compensated for its involvement in the Utah fund of funds through the payment of the management fee described in Section 63N-6-305.
(2)
(a) On or before June 30, 2022, the Utah fund of funds shall transfer $15,000,000 to the state treasurer.
(b) The state treasurer shall deposit the money described in Subsection (2)(a) into the restricted account.