Utah Code § 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:

(a) manage and execute the policies established by the institute board and the investment committee;

(b) in consultation with the investment committee, manage qualified investments made by the Nucleus Fund;

(c) annually submit to the institute:

(i) a budget for the Nucleus Fund; and

(ii) a financial plan for operations of the Nucleus Fund;

(d) in accordance with generally accepted principles of fund accounting, establish a system to identify and account for Nucleus Fund assets;

(e) maintain appropriate records of Nucleus Fund activities to enable auditors to conduct periodic audits as described in Section 53H-16-407; and

(f) fulfill other duties as provided by the investment committee.