Utah Code § 51-13-202: State Sovereignty Fund -- Investment -- Administrative costs.

(1) The state treasurer shall:

(a) invest money in the fund with the following goals, in order of priority:

(i) providing for growth of the principal; and

(ii) fund stability;

(b) invest and manage fund assets as a prudent investor would by:

(i) considering the purpose, terms, distribution requirements, and other circumstances of the fund; and

(ii) exercising reasonable care, skill, and caution in order to meet the standard of care of a prudent investor; and

(c) deposit into the fund the interest, dividends, or other earnings attributable to the fund.

(2) The state treasurer may deduct any administrative costs incurred by managing the fund from earnings generated by investments in the fund.