Utah Code 73-10c-9. Investments of money in security fund

(1)	Unless otherwise required to preserve the exemption of any obligations of the state from federal taxation, the state treasurer shall invest the money in the security fund by following the procedures and requirements of Title 51, Chapter 7, State Money Management Act.

Board: means the Board of Water Resources created in Section 73-10-1. See Utah Code 73-10c-2
Security fund: means the Water Development Security Fund created in Section 73-10c-5. See Utah Code 73-10c-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

(2)	If necessary to preserve the exemption of any obligations of the state from federal taxation, the board may make investments in any manner necessary to preserve this exemption.

Amended by Chapter 175, 2001 General Session