53H-16-405. Nucleus Fund investment committee chair -- Duties.
(1) The institute board shall appoint a chair of the investment committee.
(2) The committee chair shall: manage and execute the policies established by the institute board and the investment committee; in consultation with the investment committee, manage qualified investments made by the Nucleus Fund; annually submit to the institute: a budget for the Nucleus Fund; and a financial plan for operations of the Nucleus Fund; in accordance with generally accepted principles of fund accounting, establish a system to identify and account for Nucleus Fund assets; maintain appropriate records of Nucleus Fund activities to enable auditors to conduct periodic audits as described in Section; and 53H-16-407 fulfill other duties as provided by the investment committee.