reglab/housing_qa huggingface dataset:
UT Code § 49-23-503 (2021)
2021 Utah Code|Title 49 - Utah State Retirement and Insurance Benefit Act|Chapter 23 - New Public Safety and Firefighter Tier II Contributory Retirement Act|Part 5 - Death Benefit|Section 503 - Death of active member in line of duty -- Payment of benefits.

 Effective 7/1/2020  49-23-503. Death of active member in line of duty -- Payment of benefits.  If an active member of this system dies, benefits are payable as follows:  (1) If the death is classified by the office as a line-of-duty death, benefits are payable as follows:   (a) If the member has accrued less than 20 years of public safety service or firefighter service credit, the surviving spouse shall receive:   (i) a lump sum equal to six months of the active member's final average salary; and     (ii) the greater of:   (A) an allowance equal to 30% of the member's final average monthly salary; or     (B) an allowance equal to 2% of the member's final average monthly salary multiplied by the years of service credit accrued by the member.         (b) If the member has accrued 20 or more years of public safety service or firefighter service credit, the member shall be considered to have retired with an Option One allowance calculated without an actuarial reduction under Section 49-23-304 and the surviving spouse shall receive the allowance that would have been payable to the member.       (2)   (a) A volunteer firefighter is eligible for a line-of-duty death benefit under this section if the death results from external force, violence, or disease directly resulting from firefighter service.     (b) The lowest monthly compensation of firefighters of a city of the first class in this state at the time of death shall be considered to be the final average monthly salary of a volunteer firefighter for purposes of computing these benefits.     (c) Each volunteer fire department shall maintain a current roll of all volunteer firefighters which meet the requirements of Subsection 49-23-102(13) to determine the eligibility for this benefit.       (3)   (a) If the death is classified as a line-of-duty death by the office, death benefits are payable under this section and the surviving spouse is not eligible for benefits under Section 49-23-502.     (b) If the death is not classified as a line-of-duty death by the office, benefits are payable in accordance with Section 49-23-502.       (4)   (a) A surviving spouse who qualifies for a monthly benefit under this section shall apply in writing to the office.     (b) The allowance shall begin on the first day of the month following the month in which the:   (i) member or participant died, if the application is received by the office within 90 days of the date of death of the member or participant; or     (ii) application is received by the office, if the application is received by the office more than 90 days after the date of death of the member or participant.        Amended by Chapter 437, 2020 General Session
UT Code § 49-23-504 (2021)
2021 Utah Code|Title 49 - Utah State Retirement and Insurance Benefit Act|Chapter 23 - New Public Safety and Firefighter Tier II Contributory Retirement Act|Part 5 - Death Benefit|Section 504 - Death of members -- Exemption from vesting requirements for employer nonelective contributions to defined contribution plan.

 Effective 5/12/2015  49-23-504. Death of members -- Exemption from vesting requirements for employer nonelective contributions to defined contribution plan.    (1)   (a) If an active member dies, employer nonelective contributions made on behalf of the employee to a defined contribution plan under Section 49-23-302 or 49-23-401 are exempt from the vesting requirements of Subsections 49-23-302(2)(a) and 49-23-401(3)(a).     (b) The total amount of nonelective contributions made by the participating employer vests to the member upon death and the member's beneficiary is entitled to receive a distribution of the employer contributions made on behalf of the employee and all associated investment gains and losses.       (2) Employer contributions vested and distributed under this section are in addition to and separate from the benefits payable under Sections 49-23-501, 49-23-502, and 49-23-503.    Enacted by Chapter 315, 2015 General Session
UT Code § 49-23-601 (2021)
2021 Utah Code|Title 49 - Utah State Retirement and Insurance Benefit Act|Chapter 23 - New Public Safety and Firefighter Tier II Contributory Retirement Act|Part 6 - Disability Benefit|Section 601 - Long-term disability coverage.

49-23-601. Long-term disability coverage.    (1) A participating employer shall cover a public safety employee who initially enters employment on or after July 1, 2011, under Chapter 21, Public Employees' Long-Term Disability Act, or a substantially similar long-term disability program.     (2)   (a) A participating employer shall cover a firefighter employee who initially enters employment on or after July 1, 2011, under Chapter 21, Public Employees' Long-Term Disability Act.     (b) In accordance with this section, a participating employer shall provide long-term disability benefit coverage for a volunteer firefighter as provided under Section 49-16-701.     (c) The office shall ensure that the cost of the long-term disability benefit coverage provided under Subsections (2)(a) and (b) is funded with revenue received under Section 49-11-901.5.      Amended by Chapter 298, 2012 General Session
UT Code § 51-2a-101 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 2a - Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act|Part 1 - General Provisions|Section 101 - Title.

51-2a-101. Title.  This chapter is known as the "Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act."  Enacted by Chapter 206, 2004 General Session
UT Code § 51-2a-201 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 2a - Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act|Part 2 - Accounting Reports|Section 201 - Accounting reports required.

 Effective 3/1/2017  51-2a-201. Accounting reports required.    (1) The governing board of an entity whose revenues or expenditures of all funds is $1,000,000 or more shall cause an audit to be made of its accounts by a competent certified public accountant.     (2) The governing board of an entity whose revenues or expenditures of all funds is less than $1,000,000 shall cause a financial report to be made in the manner prescribed by the state auditor.    Amended by Chapter 11, 2017 General Session
UT Code § 51-2a-202 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 2a - Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act|Part 2 - Accounting Reports|Section 202 - Reporting requirements.

 Effective 6/30/2020  51-2a-202. Reporting requirements.    (1) The governing board of each entity required to have an audit, review, compilation, or fiscal report shall ensure that the audit, review, compilation, or fiscal report is:   (a) made at least annually; and     (b) filed with the state auditor within six months of the close of the fiscal year of the entity.       (2) If the political subdivision, interlocal organization, or other local entity receives federal funding, the audit, review, or compilation shall be performed in accordance with both federal and state auditing requirements.    Amended by Chapter 479, 2019 General Session
UT Code § 51-2a-203 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 2a - Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act|Part 2 - Accounting Reports|Section 203 - Audit reports -- Preservation.

51-2a-203. Audit reports -- Preservation.    (1) The governing body of each political subdivision and each interlocal organization or other local entity required to submit an accounting report shall:   (a) file and preserve all accounting reports; and     (b) file copies of all accounting reports with the state auditor.       (2) Copies of the accounting reports are open to inspection during regular office hours by any interested persons, where the accounting reports are filed.     (3) The state auditor shall have access to all accounting report work papers created under this chapter.    Enacted by Chapter 206, 2004 General Session
UT Code § 51-2a-301 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 2a - Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act|Part 3 - State Auditor Duties|Section 301 - State auditor responsibilities.

 Effective 3/24/2015  51-2a-301. State auditor responsibilities.    (1) Except for political subdivisions that do not receive or expend public funds, the state auditor shall adopt guidelines, qualifications criteria, and procurement procedures for use in the procurement of audit services for all entities that are required by Section 51-2a-201 to cause an accounting report to be made.     (2) The state auditor shall follow the notice, hearing, and publication requirements of Title 63G, Chapter 3, Utah Administrative Rulemaking Act.     (3) The state auditor shall:   (a) review the accounting report submitted to the state auditor under Section 51-2a-201; and     (b) if necessary, conduct additional inquiries or examinations of financial statements of the entity submitting that information.       (4) The governing board of each entity required by Section 51-2a-201 to submit an accounting report to the state auditor's office shall comply with the guidelines, criteria, and procedures established by the state auditor.     (5) Each fifth year, the state auditor shall:   (a) review the dollar criteria established in Section 51-2a-201 to determine if they need to be increased or decreased; and     (b) if the state auditor determines that they need to be increased or decreased, notify the Legislature of that need.       (6)   (a) The state auditor may require a higher level of accounting report than is required under Section 51-2a-201.     (b) The state auditor shall:   (i) develop criteria under which a higher level of accounting report may be required; and     (ii) provide copies of those criteria to entities required to analyze and report under Section 51-2a-201.         (7) This section does not apply to a nonprofit corporation that submits an accounting report under Section 51-2a-201.5.    Amended by Chapter 138, 2015 General Session
UT Code § 51-2a-401 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 2a - Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act|Part 4 - Penalties for Noncompliance|Section 401 - Prohibiting access to and withholding funds from an entity that does not comply with the accounting report requirements.

 Effective 5/8/2018  51-2a-401. Prohibiting access to and withholding funds from an entity that does not comply with the accounting report requirements.    (1) If a political subdivision, interlocal organization, or other local entity does not comply with the accounting report requirements of Section 51-2a-201, the state auditor may:   (a) withhold allocated state funds to pay the cost of the accounting report, in accordance with Subsection (2); or     (b) prohibit financial access, in accordance with Subsection (3).       (2)   (a) If the state auditor does not prohibit financial access in accordance with Subsection (3), the state auditor may withhold allocated state funds sufficient to pay the cost of the accounting report from any local entity described in Subsection (1).     (b) If no allocated state funds are available for withholding, the local entity shall reimburse the state auditor for any cost incurred in completing the accounting reports required under Section 51-2a-402.     (c) The state auditor shall release the withheld funds if the local entity meets the accounting report requirements either voluntarily or by action under Section 51-2a-402.       (3)   (a) If the state auditor does not withhold funds in accordance with Subsection (2), the state auditor may prohibit any local entity described in Subsection (1) from accessing:   (i) money held by the state; and     (ii) money held in an account of a financial institution by:   (A) contacting the entity's financial institution and requesting that the institution prohibit access to the account; or     (B) filing an action in district court requesting an order of the court to prohibit a financial institution from providing the entity access to the account.         (b) The state auditor shall remove the prohibition on accessing funds described in Subsection (3)(a) if the local entity meets the accounting report requirements either voluntarily or by action under Section 51-2a-402.      Amended by Chapter 256, 2018 General Session
UT Code § 51-2a-402 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 2a - Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act|Part 4 - Penalties for Noncompliance|Section 402 - Accounting reports of entity not complying with the report requirements.

51-2a-402. Accounting reports of entity not complying with the report requirements.    (1) The state auditor shall make, or shall cause an accounting report to be made, of any entity that does not comply with the accounting report requirements as provided in Title 51, Chapter 2a, Part 2, Accounting Reports.     (2) The state auditor shall contract with a licensed certified public accountant to complete the accounting report.    Enacted by Chapter 206, 2004 General Session
UT Code § 51-2a-403 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 2a - Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act|Part 4 - Penalties for Noncompliance|Section 403 - General Fund reimbursed for accounting report of nonappropriated activities -- Amount of reimbursement.

 Effective 5/9/2017  51-2a-403. General Fund reimbursed for accounting report of nonappropriated activities -- Amount of reimbursement.    (1) The General Fund shall be reimbursed by the entity for which an audit, review, or compilation are in whole or in part performed, whenever the state auditor or legislative auditor general is required by law or constitutional provision to perform that audit, review, or compilation or cause that audit, review, or compilation to be made for any office, department, division, board, agency, commission, council, authority, institution, hospital, school, college, university, or other instrumentality of the state or any of its political subdivisions for nonappropriated activities, including associated students' accounts, auxiliary enterprise funds, nonprofit corporations, governmental nonprofit corporations, contracts with the federal government, federal grants-in-aid, and federal assistance programs.     (2)   (a) The reimbursement amount shall be a pro rata share of that auditor's total cost, based upon a time-spent factor.     (b) An audit includes an audit of state-appropriated funds.   (i) If state-appropriated funds are not involved in the accounting report, the reimbursement may not be less than the average hourly cost of the operations of that auditor's office nor more than the average rate attainable from certified public accounting firms performing similar services for this state.     (ii) Reimbursement charges may be negotiated with that auditor's office within these limitations.        Amended by Chapter 441, 2017 General Session
UT Code § 51-7b-101 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 7b - Investment of Permanent State Trust Fund Money|Part 1 - General Provisions|Section 101 - Title.

51-7b-101. Title.  This chapter is known as "Investment of Permanent State Trust Fund Money."  Enacted by Chapter 211, 2013 General Session
UT Code § 51-7b-102 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 7b - Investment of Permanent State Trust Fund Money|Part 1 - General Provisions|Section 102 - Definition.

51-7b-102. Definition.  As used in this chapter, "permanent state trust fund" means the permanent state trust fund created by and operated under Utah Constitution, Article XXII, Section 4. Enacted by Chapter 211, 2013 General Session
UT Code § 51-7b-201 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 7b - Investment of Permanent State Trust Fund Money|Part 2 - State Treasurer Investment Duties|Section 201 - Investment of money in the permanent state trust fund.

51-7b-201. Investment of money in the permanent state trust fund.    (1) The state treasurer shall:   (a) invest money in the permanent state trust fund with the primary goal of providing for the stability, income, and growth of the permanent state trust fund's principal;     (b) in making investment decisions, consider:   (i) general economic conditions;     (ii) the possible effect of inflation and deflation;     (iii) the role that each investment or course of action plays within the overall permanent state trust fund portfolio;     (iv) the expected total return from income and the appreciation of capital; and     (v) needs for liquidity, regularity of income, and preservation or appreciation of capital; and       (c) diversify the investments of the permanent state trust fund, unless the state treasurer reasonably determines that the purposes of the permanent state trust fund are better served without diversifying.       (2) Nothing in this section requires a specific outcome in investing.     (3) The state treasurer may deduct any administrative costs incurred in managing permanent state trust fund assets from earnings before transferring them to the General Fund.     (4)   (a) The state treasurer may contract with professional asset managers to assist in the investment of assets of the permanent state trust fund.     (b) The treasurer may provide compensation to asset managers only from assets generated by the permanent state trust fund's investments.      Enacted by Chapter 211, 2013 General Session
UT Code § 51-7b-202 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 7b - Investment of Permanent State Trust Fund Money|Part 2 - State Treasurer Investment Duties|Section 202 - Prudent investor standard -- Determining whether standard met.

51-7b-202. Prudent investor standard -- Determining whether standard met.    (1) The state treasurer shall invest and manage the permanent state trust fund assets as a prudent investor would, by:   (a) considering the purposes, terms, distribution requirements, and other circumstances of the permanent state trust fund; and     (b) exercising reasonable care, skill, and caution in order to meet the standard of care of a prudent investor.       (2) In determining whether the state treasurer has met the standard of care of a prudent investor, a finder of fact shall:   (a) consider the state treasurer's investment decision or action in light of the facts and circumstances existing at the time of the decision or action, and not by hindsight; and     (b) evaluate the state treasurer's investment and management decisions respecting individual assets:   (i) not in isolation, but in the context of the permanent state trust fund portfolio as a whole; and     (ii) as a part of an overall investment strategy that has risk and return objectives reasonably suited to the permanent state trust fund.        Enacted by Chapter 211, 2013 General Session
UT Code § 51-8-101 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 8 - Uniform Prudent Management of Institutional Funds Act|Part 1 - General Provisions|Section 101 - Title.

51-8-101. Title.  This chapter is known as the "Uniform Prudent Management of Institutional Funds Act."  Enacted by Chapter 59, 2007 General Session
UT Code § 51-8-201 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 8 - Uniform Prudent Management of Institutional Funds Act|Part 2 - Standard of Conduct in Managing and Investing Institutional Fund|Section 201 - General standard of care.

51-8-201. General standard of care.    (1) Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund.     (2) In addition to complying with the duty of loyalty imposed by law other than this chapter, each person responsible for managing and investing an institutional fund shall manage and invest the fund in good faith and with the care an ordinarily prudent person in a like position would exercise under similar circumstances.    Enacted by Chapter 59, 2007 General Session
UT Code § 51-8-202 (2021)
2021 Utah Code|Title 51 - Public Funds and Accounts|Chapter 8 - Uniform Prudent Management of Institutional Funds Act|Part 2 - Standard of Conduct in Managing and Investing Institutional Fund|Section 202 - Standards for managing and investing an institutional fund.

51-8-202. Standards for managing and investing an institutional fund.    (1) In managing and investing an institutional fund, an institution:   (a) may incur only costs that are appropriate and reasonable in relation to the assets, the purposes of the institution, and the skills available to the institution; and     (b) shall make a reasonable effort to verify facts relevant to the management and investment of the fund.       (2) An institution may pool two or more institutional funds for purposes of management and investment.     (3) Except as otherwise provided by a gift instrument, the following rules apply:   (a) In managing and investing an institutional fund, the following factors, if relevant, must be considered:   (i) general economic conditions;     (ii) the possible effect of inflation or deflation;     (iii) the expected tax consequences, if any, of investment decisions or strategies;     (iv) the role that each investment or course of action plays within the overall investment portfolio of the fund;     (v) the expected total return from income and the appreciation of investments;     (vi) other resources of the institution;     (vii) the needs of the institution and the fund to make distributions and to preserve capital; and     (viii) an asset's special relationship or special value, if any, to the charitable purposes of the institution.       (b) Management and investment decisions about an individual asset must be made not in isolation but rather in the context of the institutional fund's portfolio of investments as a whole and as a part of an overall investment strategy having risk and return objectives reasonably suited to the fund and to the institution.     (c) Except as otherwise provided by law other than this chapter, an institution may invest in any kind of property or type of investment consistent with the standards of this section.     (d) An institution shall diversify the investments of an institutional fund unless the institution reasonably determines that, because of special circumstances, the purposes of the fund are better served without diversification.     (e) Within a reasonable time after receiving property, an institution shall make and implement decisions concerning the retention or disposition of the property or to rebalance a portfolio, in order to bring the institutional fund into compliance with the purposes, terms, distribution requirements, and other circumstances of the institution and the requirements of this chapter.     (f) A person who has special skills or expertise, or is selected in reliance upon the person's representation that the person has special skills or expertise, has a duty to use those special skills or that expertise in managing and investing institutional funds.      Enacted by Chapter 59, 2007 General Session