Utah Code § 67-19f-301

Investment of State Employees' Annual Leave Program II Trust Fund
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(1) The state treasurer shall invest the assets of the trust fund 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 trust fund assets
from earnings before distributing the trust fund assets.
(4)
(a) The state treasurer may employ professional asset managers to assist in the investment of
assets of the trust fund.
(b) The treasurer may only provide compensation to asset managers from earnings generated by
the trust fund's investments.

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