51-7-9.5 - State School Fund report.
51-7-9.5. State School Fund report.
(1) The state treasurer shall prepare a report at the end of each fiscal year on the StateSchool Fund created in Utah Constitution Article X, Section 5.
(2) The report shall include the following information:
(a) the name of each asset within the fund and the fair market value of each asset as ofJune 30;
(b) the amount and date of each contribution to the fund during the fiscal year;
(c) a balance sheet for the most recently completed fiscal year and the previous fiscalyear;
(d) the fund's internal rate of return for the previous year, three years, and five years;
(e) a summary of the asset allocation policy for the fund;
(f) a description of the fund income, including amounts distributed and amounts retained;and
(g) expenses in dollars and as a percent of fund assets.
(3) The state treasurer shall submit the report to the Education Interim Committee byOctober 1 of each year.
Enacted by Chapter 237, 2002 General Session