{"data":{"id":"us-ut/utah-code-63n-6-305","jurisdiction":"us-ut","citation":"Utah Code § 63N-6-305","heading":"Management fee -- Additional financial assistance.","body":"(1) The corporation may charge a management fee on assets under management in the Utah fund of funds.\n(2) The management fee described in Subsection (1) may not, in a calendar year, exceed 1% of the asset value of the Utah fund of funds on the immediately preceding December 31.\n(3) In addition to the management fee, the Utah fund of funds will pay directly or reimburse the corporation for out-of-pocket expenses, including fund administration, tax and audit fees and costs, investment and monitoring costs, and similar expenses incurred in connection with the operation of the corporation or the Utah fund of funds.","path":["Title 63N Economic Opportunity Act","Chapter 63N-6 Utah Venture Capital Enhancement Act","Part 63N-6-3 Utah Capital Investment Corporation"],"source_url":"https://le.utah.gov/xcode/Title63N/Chapter6/63N-6-S305.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"6145eefb7107f77fcfdcaa4c85c162c0ed5f53f580d7c2fdc45d8ba3d69e3716","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-63n-6-303","next":"us-ut/utah-code-63n-6-401"},"notice":"GroundRules: Original legal text. Not legal advice."}