53B-8a-111. Annual audit of financial statements — Information to governor and Higher Education Appropriations Subcommittee.
(1) |
The financial statements of the plan shall be audited annually by the state auditor or the state auditor’s designee and reported in accordance with generally accepted accounting principles. |
Terms Used In Utah Code 53B-8a-111
- Plan: means the Utah Educational Savings Plan created in Section 53B-8a-103. See Utah Code 53B-8a-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
(2) |
The plan shall submit to the governor and the Higher Education Appropriations Subcommittee:
(a) |
upon request, any studies or evaluations of the plan; |
(b) |
upon request, a summary of the benefits provided by the plan including the number of participants and beneficiaries in the plan; and |
(c) |
upon request, any other information which is relevant in order to make a full, fair, and effective disclosure of the operations of the plan. |
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Amended by Chapter 324, 2019 General Session