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CONCURRENT RESOLUTION RECOGNIZING EDWARD T.

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ALTER FOR HIS SERVICE AS UTAH STATE TREASURER

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2019 GENERAL SESSION

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STATE OF UTAH

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Chief Sponsor: Ralph Okerlund

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House Sponsor: Robert M. Spendlove

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8     LONG TITLE
9     General Description:
10          This concurrent resolution recognizes Edward T. Alter for his service as Utah State
11     Treasurer.
12     Highlighted Provisions:
13          This resolution:
14          ▸     recognizes the lifelong dedication and public service of Edward T. Alter, 23rd Utah
15     State Treasurer; and
16          ▸     expresses appreciation for Treasurer Alter's many contributions to the state of Utah.
17     Special Clauses:
18          None
19     

20     Be it resolved by the Legislature of the state of Utah, the Governor concurring therein:
21          WHEREAS, Edward T. Alter, 23rd Utah State Treasurer, served 28 consecutive years
22     in that capacity;
23          WHEREAS, Treasurer Alter graduated from the University of Utah with a Bachelor of
24     Arts degree in Banking and Finance and a Master of Business Administration degree;
25          WHEREAS, Treasurer Alter began his career in public accounting and became a
26     Certified Public Accountant;
27          WHEREAS, Treasurer Alter was elected on November 4, 1980, and was sworn in as

28     the Utah State Treasurer on January 5, 1981;
29          WHEREAS, Treasurer Alter created the Public Treasurers' Investment Fund as a pooled
30     short-term investment fund which provides competitive returns, professional management, and
31     daily liquidity for all government entities in Utah;
32          WHEREAS, Treasurer Alter directed the first book-entry municipal bond issuance for a
33     state, which is now the common practice in the industry;
34          WHEREAS, Treasurer Alter worked with industry partners to develop an electronic
35     platform for the competitive sale of municipal bonds, which has also become the common
36     practice in the industry;
37          WHEREAS, Treasurer Alter championed the Utah School District Bond Guarantee Act,
38     which has reduced the interest expense of municipal bonds issued by local school districts
39     throughout Utah, resulting in millions of dollars of savings to Utah taxpayers;
40          WHEREAS, Treasurer Alter served on various boards and commissions including the
41     Utah Retirement Systems Board, the Permanent Community Impact Board, the Utah Navajo
42     Trust Fund Board, the Utah Housing Corporation Board, and the Utah Higher Education
43     Assistance Authority Board, where his knowledge and expertise have benefitted residents of
44     rural Utah, residents of the Navajo Reservation, state employees, students, and others
45     throughout the state;
46          WHEREAS, in 1986, Treasurer Alter served as President of the National Association of
47     State Treasurers and received the Association's Jesse M. Unruh award for treasury excellence
48     and the Tanya Gritz Award for Excellence in Public Finance;
49          WHEREAS, in 1988, Treasurer Alter was named by City & State magazine to its
50     All-Pro Government Team;
51          WHEREAS, in 2003, Treasurer Alter received the Harlan Boyles Distinguished Service
52     Award, which is now known as the Harlan Boyles-Edward T. Alter Award;
53          WHEREAS, Treasurer Alter has continued his public service as a member of the Utah
54     Retirement Systems Board, Utah Higher Education Assistance Authority Board, and a member
55     of the my529 Investment Advisory Committee, providing institutional knowledge and
56     investment and debt issuance expertise that are vital to the continued success of these
57     organizations;
58          WHEREAS, Treasurer Alter is respected by his peers across the nation, elected leaders

59     in Utah, and leaders in communities throughout the state for the many contributions he made to
60     make Utah a better place; and
61          WHEREAS, Treasurer Alter's significant state and national contributions merit
62     recognition:
63          NOW, THEREFORE, BE IT RESOLVED that the Legislature of the state of Utah, the
64     Governor concurring therein, recognizes the lifelong dedication and public service of Edward
65     T. Alter, 23rd Utah State Treasurer, and expresses appreciation for Treasurer Alter's many
66     contributions to the state.
67          BE IT FURTHER RESOLVED that a copy of this resolution is sent to Treasurer Alter.