(1)  The state treasurer shall:

Terms Used In Utah Code 67-4-1

  • Contract: A legal written agreement that becomes binding when signed.
  • Land: includes :Utah Code 68-3-12.5
  • Maintain custody: means to direct the safekeeping and investment of state funds. See Utah Code 67-4-2
  • 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
  • State entity: includes independent state agencies and public corporations. See Utah Code 67-4-2
  • State funds: includes funds of independent state agencies or public corporations, regardless of the source of funds. See Utah Code 67-4-2
  • Warrant: means an order in a specific amount drawn upon the treasurer by the Division of Finance or another state agency. See Utah Code 67-4-2
  • Writing: includes :Utah Code 68-3-12.5
(a)  receive and maintain custody of all state funds;

(b)  unless otherwise provided by law, invest all funds delivered into the state treasurer’s custody according to the procedures and requirements of Title 51, Chapter 7, State Money Management Act;

(c)  pay warrants drawn by the Division of Finance as they are presented;

(d)  return each redeemed warrant to the Division of Finance for purposes of reconciliation, post-audit, and verification;

(e)  ensure that state warrants not presented to the state treasurer for payment within one year from the date of issue, or a shorter period if required by federal regulation or contract, are canceled and credited to the proper fund;

(f)  account for all money received and disbursed;

(g)  keep separate account of the different funds;

(h)  keep safe all bonds, warrants, and securities delivered into his custody;

(i)  at the request of either house of the Legislature, or of any legislative committee, give information in writing as to the condition of the treasury, or upon any subject relating to the duties of his office;

(j)  keep the books open at all times for the inspection by the governor, the state auditor, or any member of the Legislature, or any committee appointed to examine them by either house of the Legislature;

(k)  authenticate and validate documents when necessary;

(l)  adopt a seal and file a description and an impression of it with the Division of Archives;

(m)  discharge the duties of a member of all official boards of which he is or may be made a member by the Constitution or laws of Utah; and

(n)  oversee and support the advocacy of the Land Trusts Protection and Advocacy Office, created in Title 53D, Chapter 2, Land Trusts Protection and Advocacy Office.

(2)  The state treasurer may prescribe the manner and method of receipt, deposit, or custody for any funds to be paid to, remitted to, or deposited with the state treasurer by:

(a)  letter; or

(b)  rule that the office of the state treasurer makes in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.

(3)  When necessary to perform his duties, the state treasurer may inspect the books, papers, and accounts of any state entity.

(4)  The state treasurer may take temporary custody of public funds if ordered by a court to do so under Subsection 67-3-1(12).

Amended by Chapter 434, 2019 General Session

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