Annual report.

Utah Code § 53H-16-406, under Part 53H-16-4: Utah Innovation Fund.

Utah Code § 53H-16-406

53H-16-406. Annual report.

(1) On or before October 1 of each year, the institute shall publish an annual report of the activities conducted by the Nucleus Fund and submit, in accordance with Section, the written report to: 68-3-14 the governor; the Economic Development and Workforce Services Interim Committee; and the Executive Appropriations Committee.

(2) The annual report shall: be designed to provide clear, accurate, and accessible information to the public, the governor, and the Legislature; include a copy of the annual audit required under Section; 53H-16-407 describe the policies adopted by the institute board under Subsection; 53H-16-404(1)(c) include detailed information regarding: the name and location of each qualified business that received capital from the Nucleus Fund; the amount of each qualified investment made by the Nucleus Fund; the aggregate amount of capital provided to qualified businesses; and realized gains from qualified investments and any realized losses; include detailed information regarding the institute's yearly expenditures, including: administrative, operating, and financing expenses; and aggregate compensation information for full-time and part-time employees, including benefit and travel expenses; include detailed information regarding all funding sources for administrative, operating, and financing expenses, including any fees charged by the institute to the Nucleus Fund under Subsection; and 53H-16-304(2)(e) include an explanation of the Nucleus Fund's progress in achieving the purposes described in Subsection. 53H-16-402(2)