63M-1-1222 - Powers and effectiveness. - Utah Statutes

63M-1-1222. Powers and effectiveness.
(1) This part may not be construed as a restriction or limitation upon any power whichthe board might otherwise have under any other law of this state and the provisions of this partare cumulative to those powers.
(2) This part shall be construed to provide a complete, additional, and alternative methodfor performing the duties authorized and shall be regarded as supplemental and additional powersto those conferred by any other laws.
(3) The provisions of any contract entered into by the board or the Utah fund of fundsmay not be compromised, diminished, invalidated, or affected by the:
(a) level, timing, or degree of success of the Utah fund of funds or the investment fundsin which the Utah fund of funds invests; or
(b) extent to which the investment funds are:
(i) invested in Utah venture capital projects; or
(ii) successful in accomplishing any economic development objectives.

Renumbered and Amended by Chapter 382, 2008 General Session