Utah Code 53D-1-105. Annual audit by state auditor
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(1) The state auditor shall conduct an annual audit of the trust fund money and assets on a fund by fund basis, including:
Terms Used In Utah Code 53D-1-105
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the board of trustees established in Section 53D-1-301. 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:(10)(a) the sale or use of land granted to the state under Sections 6, 8, and 12 of the enabling act;(10)(b) proceeds referred to in Section 9 of the enabling act from the sale of public land; and(10)(c) revenue and assets referred to in Utah Constitution, Article X, Section 5, Subsections
(1)(c) ,(e) , and(f) . See Utah Code 53D-1-102- Writing: includes :
(48)(a) printing;(48)(b) handwriting; and(48)(c) information stored in an electronic or other medium if the information is retrievable in a perceivable format. See Utah Code 68-3-12.5(1)(a) an evaluation of the independent custodial arrangements made for the management and investment of trust fund money and assets; and(1)(b) a verification of the accuracy of the office‘s report of returns generated on the office’s investments.(2) The state auditor shall:(2)(a) report the results of an audit under this section in writing; and(2)(b) make the written audit report available to the public.(3) The state auditor shall consult with the board at least annually as to whether additional matters should be included within the scope of the annual audit. - Writing: includes :