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Public Funds and Accounts | |
State Money Management Act | |
Section 9.5 | State School Fund report. |
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51-7-9.5. State School Fund report. (1) The state treasurer shall prepare a report at the end of each fiscal year on the State School Fund created in Utah Constitution Article X, Section 5. (2) The report shall include the following information: (a) the name of each asset within the fund and the fair market value of each asset as of June 30; (b) the amount and date of each contribution to the fund during the fiscal year; (c) a balance sheet for the most recently completed fiscal year and the previous fiscal year; (d) the fund's internal rate of return for the previous year, three years, and five years; (e) a summary of the asset allocation policy for the fund; (f) a description of the fund income, including amounts distributed and amounts retained; and (g) expenses in dollars and as a percent of fund assets. (3) The state treasurer shall submit the report to the Education Interim Committee by October 1 of each year.
Enacted by Chapter 237, 2002 General Session |
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