Effective 7/1/2021 53C-1-201. Creation of administration — Purpose — Director — Participation in Risk Management Fund — Closed meetings. (1) (a) There is established within state government the School and Institutional Trust Lands Administration. (b) The administration shall manage all school and institutional trust lands and assets within the state, except as otherwise provided in […]
Effective 1/1/2021 53C-1-202. Board of trustees membership — Nomination list — Qualifications — Terms — Replacement — Chair — Quorum. (1) There is established the School and Institutional Trust Lands Board of Trustees. (2) The board shall consist of seven members appointed on a nonpartisan basis by the governor with the advice and consent of […]
Effective 7/1/2018 53C-1-203. Board of trustees nominating committee — Composition — Responsibilities — Per diem and expenses. (1) There is established an 11 member board of trustees nominating committee. (2) (a) (i) Through July 30, 2018, the State Board of Education shall appoint five members to the nominating committee from different geographical areas of the […]
53C-1-204. Policies established by board — Director. (1) (a) The board shall establish policies for the management of the School and Institutional Trust Lands Administration. (b) The policies shall: (i) be consistent with the Utah Enabling Act, the Utah Constitution, and state law; (ii) reflect undivided loyalty to the beneficiaries consistent with fiduciary duties; (iii) […]
