Utah Administrative Code (Current through November 1, 2019)

R357-7-2. Authority

Latest version.

  (1) U.C.A. Sections 63N-6-203, 63N-6-401, 63N-6-406 and 63N-6-408 require the Board to:

  (a) Make rules establishing the manner by which it allocates, issues, calculates, certifies and provides for the application for, transfer and redemption of, contingent tax credits;

  (b) Establish criteria and procedures for assessing the likelihood of future certificate redemptions by designated investors; and

  (c) Set a target rate of return or range of returns for the investment portfolio of the Utah Fund of Funds.

                    
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