Section 206.8 – Management of the Utah State Developmental Center Sustainability Fund.

• (1) The state treasurer shall invest the assets of the sustainability 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 sustainability fund assets from earnings before depositing earnings into the sustainability fund.

• (4)
  • (a) The state treasurer may employ professional asset managers to assist in the investment of assets of the sustainability fund.
  • (b) The state treasurer may only provide compensation to asset managers from earnings generated by the sustainability fund’s investments.

• (5) The state treasurer shall invest and manage the sustainability fund assets as a prudent investor would under Section 67-19d-302.

Enacted by Chapter 404, 2018 General Session