{"data":{"id":"us-ut/utah-code-63n-6-405","jurisdiction":"us-ut","citation":"Utah Code § 63N-6-405","heading":"Annual audits.","body":"(1) Each calendar year, an audit of the activities of the Utah fund of funds shall be made as described in this section.\n(2)\n(a) The audit shall be conducted by:\n(i) the state auditor; or\n(ii) an independent auditor engaged by the state auditor.\n(b) An independent auditor used under Subsection (2)(a)(ii) must have no business, contractual, or other connection to:\n(i) the corporation; or\n(ii) the Utah fund of funds.\n(3) The corporation shall pay the costs associated with the annual audit.\n(4) The annual audit report shall:\n(a) be delivered to:\n(i) the corporation; and\n(ii) the state treasurer;\n(b) include a valuation of the assets owned by the Utah fund of funds as of the end of the reporting year;\n(c) include an opinion regarding the accuracy of the information provided in the annual report described in Subsection 63N-6-301(6); and\n(d) be completed on or before September 1 for the previous calendar year so that it may be included in the annual report described in Subsection 63N-6-301(6).","path":["Title 63N Economic Opportunity Act","Chapter 63N-6 Utah Venture Capital Enhancement Act","Part 63N-6-4 Utah Fund of Funds"],"source_url":"https://le.utah.gov/xcode/Title63N/Chapter6/63N-6-S405.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"e8f30467fe657cc865c7bf7556ad5f93f52fd8bcf9dbe9a95181015dc5626d51","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-63n-6-404","next":"us-ut/utah-code-63n-6-410"},"notice":"GroundRules: Original legal text. Not legal advice."}