{"data":{"id":"us-ut/utah-code-51-7-12.2","jurisdiction":"us-ut","citation":"Utah Code § 51-7-12.2","heading":"Definitions -- Local government other post-employment benefits trust fund -- Investments -- State treasurer duties.","body":"(1) As used in this section:\n(a) \"Local Government OPEB Trust Fund\" or \"Local Government Other Post-Employment Benefits Trust Fund\" means money set aside by a local government to fund future payments of benefits, other than pensions, to a former employee who is qualified for the benefits.\n(b) \"Local Government OPEB Trust Fund\" does not include money for deposit in the Utah State Retirement Investment Fund created under Section 49-11-301, or money for deposit in the Post-Retirement Benefits Trust Fund created under Section 67-19d-201.\n(2) All local government OPEB trust fund money in the custody of a local government treasurer shall be established in a separate trust fund in accordance with standards established by the Governmental Accounting Standards Board.\n(3) Money in a local government OPEB trust fund may be deposited or invested only in the following assets that meet the criteria of Section 51-7-17:\n(a) a deposit or investment authorized under Section 51-7-11;\n(b) indexed funds of an open-end diversified management investment company established under the Investment Companies Act of 1940; or\n(c) indexed funds that are administered by the state treasurer in accordance with Subsection (4).\n(4) The state treasurer may:\n(a) develop and offer a variety of asset allocation options for money in a local government OPEB trust fund;\n(b) review for efficiency, the asset allocation options offered under Subsection (4)(a) as needed; and\n(c) charge an administrative fee of not more than .005 percent per month of the assets managed for cost incurred in the management of funds within an asset allocation option.","path":["Title 51 Public Funds and Accounts","Chapter 51-7 State Money Management Act"],"source_url":"https://le.utah.gov/xcode/Title51/Chapter7/51-7-S12.2.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"893e15ef15a87c4cd94b8a743c4911dc471084ed81e159290c834655fdde96d3","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-51-7-11.5","next":"us-ut/utah-code-51-7-13"},"notice":"GroundRules: Original legal text. Not legal advice."}