Utah Code § 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 68-3-14, the written report to:

(a) the governor;

(b) the Economic Development and Workforce Services Interim Committee; and

(c) the Executive Appropriations Committee.

(2) The annual report shall:

(a) be designed to provide clear, accurate, and accessible information to the public, the governor, and the Legislature;

(b) include a copy of the annual audit required under Section 53H-16-407;

(c) describe the policies adopted by the institute board under Subsection 53H-16-404(1)(c);

(d) include detailed information regarding:

(i) the name and location of each qualified business that received capital from the Nucleus Fund;

(ii) the amount of each qualified investment made by the Nucleus Fund;

(iii) the aggregate amount of capital provided to qualified businesses; and

(iv) realized gains from qualified investments and any realized losses;

(e) include detailed information regarding the institute's yearly expenditures, including:

(i) administrative, operating, and financing expenses; and

(ii) aggregate compensation information for full-time and part-time employees, including benefit and travel expenses;

(f) 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 53H-16-304(2)(e); and

(g) include an explanation of the Nucleus Fund's progress in achieving the purposes described in Subsection 53H-16-402(2).