Utah Code 53B-8a-111. Annual audit of financial statements — Information to governor and Higher Education Appropriations Subcommittee
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(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:
(2)(a) upon request, any studies or evaluations of the plan;
(2)(b) upon request, a summary of the benefits provided by the plan including the number of participants and beneficiaries in the plan; and
(2)(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.