{"data":{"id":"us-ut/utah-code-53h-16-406","jurisdiction":"us-ut","citation":"Utah Code § 53H-16-406","heading":"Annual report.","body":"(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:\n(a) the governor;\n(b) the Economic Development and Workforce Services Interim Committee; and\n(c) the Executive Appropriations Committee.\n(2) The annual report shall:\n(a) be designed to provide clear, accurate, and accessible information to the public, the governor, and the Legislature;\n(b) include a copy of the annual audit required under Section 53H-16-407;\n(c) describe the policies adopted by the institute board under Subsection 53H-16-404(1)(c);\n(d) include detailed information regarding:\n(i) the name and location of each qualified business that received capital from the Nucleus Fund;\n(ii) the amount of each qualified investment made by the Nucleus Fund;\n(iii) the aggregate amount of capital provided to qualified businesses; and\n(iv) realized gains from qualified investments and any realized losses;\n(e) include detailed information regarding the institute's yearly expenditures, including:\n(i) administrative, operating, and financing expenses; and\n(ii) aggregate compensation information for full-time and part-time employees, including benefit and travel expenses;\n(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\n(g) include an explanation of the Nucleus Fund's progress in achieving the purposes described in Subsection 53H-16-402(2).","path":["Title 53H Higher Education","Chapter 53H-16 Nucleus Institute","Part 53H-16-4 Utah Innovation Fund"],"source_url":"https://le.utah.gov/xcode/Title53H/Chapter16/53H-16-S406.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"72322bbdd6b7c3262e3ecd5e98903aa29c22b0533ce37b5c08e5aa7f8580d278","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-53h-16-405","next":"us-ut/utah-code-53h-16-407"},"notice":"GroundRules: Original legal text. Not legal advice."}