State Money Management Act

  1. Law
  2. Utah Code
  3. Public Funds and Accounts
  4. State Money Management Act

Checkout our iOS App for a better way to browser and research.

Section
1

Short title of chapter.

Section
2

Exemptions from chapter.

Section
3

Definitions.

Section
3.5

State fiscal year.

Section
4

Transfer of functions, powers, and duties relating to public funds to state treasurer -- Exceptions -- Deposit of income from investment of state money.

Section
5

Transfer of public funds not otherwise required to be transferred to state treasurer -- Duties of public treasurers -- Withdrawals of transferred funds.

Section
6

Calculation of shares of participating funds -- Allocations of income to participating funds.

Section
7

Securities and evidence of deposits and investments -- Custody -- Deposit for safekeeping.

Section
8

Separate accounts for funds -- Credit of allocated shares of income and gains or losses.

Section
9

Quarterly reports by state treasurer -- Audit of accounts of state treasurer -- Report of audit -- Employment of investment staff and services.

Section
11

Authorized deposits or investments of public funds.

Section
11.5

Certified investment advisers -- Scope of and limits to authority.

Section
12.2

Definitions -- Local government other post-employment benefits trust fund -- Investments -- State treasurer duties.

Section
13

Funds of member institutions of state system of higher education and public education foundations -- Authorized deposits or investments.

Section
14

Prudent man rule for management of investments -- Sale of security or investment for less than cost.

Section
15

Bonds of state treasurer and other public treasurers -- Reports to council.

Section
16

State Money Management Council -- Members -- Terms -- Vacancies -- Chair and vice chair-- Executive secretary -- Meetings -- Quorum -- Members' disclosure of interests -- Per diem and expenses.

Section
17

Criteria for investments.

Section
18

Duties of council.

Section
18.1

Qualified depositories list -- Reports -- Treatment of confidential information -- Powers -- Staff -- Limits on powers.

Section
18.2

Public treasurer's reports -- Contents.

Section
18.3

Certified dealers' list -- Fees.

Section
18.4

Certified investment advisers' list -- Fees.

Section
19

Increase in deposits of public funds -- Authorization.

Section
22

Penalty for violation by public treasurer.

Section
22.4

Penalties for violation by certified investment advisers.

Section
22.5

Enforcement.

Section
23

Transition of investments previously authorized.

Section
24

Sales and purchase in violation -- Remedies -- Limitation of action.