| (1) |
Except as provided in Subsection (2), the following funds are exempt from this chapter:
Terms Used In Utah Code 51-7-2- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Land: includes :Utah Code 68-3-12.5
- 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) |
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; |
| (b) |
funds of the Utah State Retirement Board; |
| (c) |
funds of the Utah Housing Corporation; |
| (d) |
endowment funds of higher education institutions, including funds of the Higher Education Student Success Endowment, created in Section 53B-7-802; |
| (e) |
permanent and other land grant trust funds established pursuant to the Utah Enabling Act and the Utah Constitution; |
| (f) |
the State Post-Retirement Benefits Trust Fund; |
| (g) |
the funds of the Utah Educational Savings Plan; |
| (h) |
funds of the permanent state trust fund created by and operated under Utah Constitution, Article XXII, Section 4; |
| (i) |
the funds in the Navajo Trust Fund; |
| (j) |
the funds in the Radioactive Waste Perpetual Care and Maintenance Account; |
| (k) |
the funds in the Employers’ Reinsurance Fund; |
| (l) |
the funds in the Uninsured Employers’ Fund; |
| (m) |
the Utah State Developmental Center Long-Term Sustainability Fund, created in Section 26B-1-331; |
| (n) |
the funds in the Risk Management Fund created in Section 63A-4-201; and |
| (o) |
the Utah fund of funds created in Section 63N-6-401. |
|
| (2) |
Except for the funds of the Utah State Retirement Board and the Utah Educational Savings Plan, the funds described in Subsection (1) are not exempt from Subsections 51-7-14(2) and (3). |
Amended by Chapter 139, 2023 General Session
Amended by Chapter 242, 2023 General Session
Amended by Chapter 328, 2023 General Session
