| (1) |
The office, board, and nominating committee are subject to:
Terms Used In Utah Code 53D-1-103- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Board: means the board of trustees established in Section 53D-1-301. See Utah Code 53D-1-102
- Director: means the director of the office. See Utah Code 53D-1-102
- Nominating committee: means the committee established under Section 53D-1-501. See Utah Code 53D-1-102
- Office: means the School and Institutional Trust Fund Office, created in Section 53D-1-201. See Utah Code 53D-1-102
- 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
- Trust fund: means money derived from:
| (a) | the sale or use of land granted to the state under Sections 6, 8, and 12 of the enabling act; |
| (b) | proceeds referred to in Section 9 of the enabling act from the sale of public land; and |
| (2) |
Subject to Subsection 63E-1-304(2), the office may participate in coverage under the Risk Management Fund, created in Section 63A-4-201. |
| (3) |
The office and board are subject to:
|
| (4) |
| (b) |
Subsections 63G-3-301(6) and (7) and Section 63G-3-601 do not apply to the director’s making of rules under this chapter. |
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| (6) |
| (a) |
A board member, the director, and an office employee or agent are subject to:
| (ii) |
other requirements that the board establishes. |
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| (b) |
In addition to any restrictions or requirements imposed under Subsection (6)(a), a board member, the director, and an office employee or agent may not directly or indirectly acquire an interest in the trust fund or receive any direct benefit from any transaction dealing with trust fund money. |
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| (7) |
| (b) |
| (i) |
Upon a recommendation from the director after the director’s consultation with the director of the Division of Human Resource Management, the board may provide that specified positions in the office are exempt from Section 63A-17-307 and the career service provisions of Title 63A, Chapter 17, Utah State Personnel Management Act, as provided in Subsection 63A-17-301(1), if the board determines that exemption is required for the office to fulfill efficiently its responsibilities under this chapter. |
| (iii) |
| (A) |
After consultation with the director of the Division of Human Resource Management, the director shall set salaries for positions that are exempted under Subsection (7)(b)(i), within ranges that the board approves. |
| (B) |
In approving salary ranges for positions that are exempted under Subsection (7)(b)(i), the board shall consider salaries for similar positions in private enterprise and other public employment. |
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| (8) |
The office is subject to legislative appropriation, to executive branch budgetary review and recommendation, and to legislative and executive branch review. |
Amended by Chapter 84, 2021 General Session
Amended by Chapter 344, 2021 General Session
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