(1) At least annually, the director shall report in person to the Legislative Management Committee, the governor, and the advocacy office, concerning the office‘s investments, performance, estimated distributions, and other activities.

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Terms Used In Utah Code 53D-1-403

  • advocacy office: means the Land Trusts Protection and Advocacy Office created in Section 53D-2-201. See Utah Code 53D-1-102
  • Advocacy office director: means the director of the Land Trusts Protection and Advocacy Office, appointed under Section 53D-2-203. See Utah Code 53D-1-102
  • Board: means the board of trustees established in Section 53D-1-301. See Utah Code 53D-1-102
  • Director: means the director of the office. See Utah Code 53D-1-102
  • Land: includes :
         (18)(a) land;
         (18)(b) a tenement;
         (18)(c) a hereditament;
         (18)(d) a water right;
         (18)(e) a possessory right; and
         (18)(f) a claim. See Utah Code 68-3-12.5
  • Office: means the School and Institutional Trust Fund Office, created in Section 53D-1-201. See Utah Code 53D-1-102
  • Person: means :
         (24)(a) an individual;
         (24)(b) an association;
         (24)(c) an institution;
         (24)(d) a corporation;
         (24)(e) a company;
         (24)(f) a trust;
         (24)(g) a limited liability company;
         (24)(h) a partnership;
         (24)(i) a political subdivision;
         (24)(j) a government office, department, division, bureau, or other body of government; and
         (24)(k) any other organization or entity. See Utah Code 68-3-12.5
(2) The director shall report to the board concerning the work of the director and the investment activities and other activities of the office:

     (2)(a) in a public meeting at least six times per year; and
     (2)(b) as otherwise requested by the board.
(3)

     (3)(a) Before November 1 of each year, the director shall:

          (3)(a)(i) submit a written report to school community councils, created under Section 53G-7-1202, and charter trust land councils, established under Section 53G-7-1205, concerning the office’s investments, performance, estimated distributions, and other activities; and
          (3)(a)(ii) post the written report described in Subsection (3)(a)(i) on the office’s website.
     (3)(b) A report under Subsection (3)(a) shall be prepared in simple language designed to be understood by the general public.
(4) The director shall provide to the board:

     (4)(a) monthly written reports on the activities of the office;
     (4)(b) quarterly financial reports; and
     (4)(c) any other report requested by the board.
(5) The director shall:

     (5)(a) invite the advocacy office director to attend any meeting at which the director gives a report under this section; and
     (5)(b) provide the advocacy office director:

          (5)(b)(i) a copy of any written report prepared under this section; and
          (5)(b)(ii) any other report requested by the advocacy office director.