67-19d-301 - Investment of State Post-Retirement Benefits Trust Fund. - Utah Statutes

67-19d-301. Investment of State Post-Retirement Benefits Trust Fund.
(1) The state treasurer shall invest the assets of the State Post-Retirement Benefits TrustFund with the primary goal of providing for the stability, income, and growth of the principal.
(2) Nothing in this section requires a specific outcome in investing.
(3) The state treasurer may deduct any administrative costs incurred in managing trustfund assets from earnings before distributing them.
(4) (a) The state treasurer may employ professional asset managers to assist in theinvestment of assets of the trust fund.
(b) The treasurer may only provide compensation to asset managers from earningsgenerated by the trust fund's investments.

Enacted by Chapter 99, 2007 General Session