53D-2-301. Advocacy office governance -- State treasurer role and duties.
(1) The advocacy council, established in Section, and the state treasurer govern the advocacy office with separate and distinct responsibilities enumerated in this chapter. 53D-2-302
(2) The state treasurer, acting in a fiduciary capacity to the trust beneficiaries, shall: appoint an advocacy director, as provided in Section; 53D-2-401 oversee and provide administrative support to the advocacy office; verify compliance with reporting requirements for the advocacy director; submit an advocacy office budget to the Legislature; and have authority to approve a requested reduction in the annual distribution for an institutional beneficiary under the conditions described in Subsection, after consultation with the trust beneficiary and the advocacy director. 53D-2-501(4)(f)
(3) A cause of action may not be maintained against the state treasurer for an act or omission made in the course of exercising a duty under this chapter if: the act or omission is taken in good faith; and the act or omission is taken in a manner the treasurer reasonably believes to be in the best interests of the trust beneficiaries.