| (1) |
The board:
Terms Used In Utah Code 49-11-302- Board: means the Utah State Retirement Board established under Section 49-11-202. See Utah Code 49-11-102
- Fund: means any fund created under this title for the purpose of paying benefits or costs of administering a system, plan, or program. See Utah Code 49-11-102
- Retirement: means the status of an individual who has become eligible, applies for, and is entitled to receive an allowance under this title. See Utah Code 49-11-102
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
| (a) |
shall review and establish the asset allocation of the Utah State Retirement Investment Fund for investment, and with the executive director, shall determine the method of investing the funds; |
| (b) |
through the executive director:
| (i) |
shall invest the money in the Utah State Retirement Investment Fund; and |
| (ii) |
may provide for the holding, purchasing, selling, assigning, transferring, and disposing of any of the securities and investments in which any of the money of the Utah
State Retirement Investment Fund is invested. |
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| (2) |
Fees for all services shall be paid from the interest earnings of the Utah State Retirement Investment Fund. |
| (3) |
Title to real estate or any other fund investment may be:
| (a) |
held in the name of the Utah State Retirement Investment Fund; or |
| (b) |
held in another name or names as determined by the board. |
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Renumbered and Amended by Chapter 250, 2002 General Session
