Section 2 – Exemptions from chapter.

Effective 7/1/2022
51-7-2. Exemptions from chapter.
The following funds are exempt from this chapter:

• (1) funds invested in accordance with the participating employees’ designation or direction pursuant to a public employees’ deferred compensation plan established and operated in compliance with Section 457 of the Internal Revenue Code of 1986, as amended;

• (2) funds of the Utah State Retirement Board;

• (3) funds of the Utah Housing Corporation;

• (4) endowment funds of higher education institutions, including funds of the Higher Education Student Success Endowment, created in Section 53B-7-801;

• (5) permanent and other land grant trust funds established pursuant to the Utah Enabling Act and the Utah Constitution;

• (6) the State Post-Retirement Benefits Trust Fund;

• (7) the funds of the Utah Educational Savings Plan;

• (8) funds of the permanent state trust fund created by and operated under Utah Constitution, Article XXII, Section 4;

• (9) the funds in the Navajo Trust Fund;

• (10) the funds in the Radioactive Waste Perpetual Care and Maintenance Account;

• (11) the funds in the Employers’ Reinsurance Fund;

• (12) the funds in the Uninsured Employers’ Fund;

• (13) the Utah State Developmental Center Long-Term Sustainability Fund, created in Section 62A-5-206.7;

• (14) the funds in the Risk Management Fund created in Section 63A-4-201; and

• (15) the Utah fund of funds created in Section 63N-6-401.

Amended by Chapter 186, 2022 General Session
Amended by Chapter 298, 2022 General Session