Affected by 63I-1-211 on 1/1/2029
Effective 5/8/2018
11-59-404. Authority chief financial officer is a public treasurer — Certain authority funds are public funds.
- (1) The authority’s chief financial officer:
- (a) is a public treasurer, as defined in Section 51-7-3; and
- (b) shall invest the authority funds specified in Subsection (2) as provided in that subsection.
- (2) Notwithstanding Subsection 63E-2-110(2)(a), appropriations that the authority receives from the state:
- (a) are public funds; and
- (b) shall be invested as provided in Title 51, Chapter 7, State Money Management Act.
Enacted by Chapter 388, 2018 General Session
Technically renumbered for proper placement.