Section 51-7-2 - Exemptions from chapter(1) Except as provided in Subsection (2), the following funds are exempt from this chapter: (a) funds invested in accordance with the participating employees' designation or direction pursuant to a public employees' deferred compensation plan established and operated in compliance with Section 457 of the Internal Revenue Code of 1986, as amended;(b) funds of the Utah State Retirement Board;(c) funds of the Utah Housing Corporation;(d) endowment funds of higher education institutions, including funds of the Higher Education Student Success Endowment, created in Section 53B-7-802;(e) permanent and other land grant trust funds established pursuant to the Utah Enabling Act and the Utah Constitution;(f) the State Post-Retirement Benefits Trust Fund;(g) the funds of the Utah Educational Savings Plan;(h) funds of the permanent state trust fund created by and operated under Utah Constitution, Article XXII, Section 4;
(i) the funds in the Navajo Trust Fund;(j) the funds in the Radioactive Waste Perpetual Care and Maintenance Account;(k) the funds in the Employers' Reinsurance Fund;(l) the funds in the Uninsured Employers' Fund;(m) the Utah State Developmental Center Long-Term Sustainability Fund, created in Section 26B-1-331;(n) the funds in the Risk Management Fund created in Section 63A-4-201;(o) the Utah fund of funds created in Section 63N-6-401;(p) the funds deposited into the Utah Homes Investment Program from the Transportation Infrastructure General Fund Support Subfund created in Section 72-2-134; and(q) subject to Subsection 67-4-19(2), the portion of the funds in the following accounts invested by the state treasurer in precious metals:(i) the State Disaster Recovery Restricted Account, created in Section 53-2a-603;(ii) the General Fund Budget Reserve Account, created in Section 63J-1-312;(iii) the Income Tax Fund Budget Reserve Account, created in Section 63J-1-313; and(iv) the Medicaid Growth Reduction and Budget Stabilization Account, created in Section 63J-1-315.(2) Except for the funds of the Utah State Retirement Board and the Utah Educational Savings Plan, the funds described in Subsection (1) are not exempt from Subsections 51-7-14(2) and (3).(3) Notwithstanding Title 52, Chapter 4, Open and Public Meetings Act, a public body that administers a fund described in Subsection (1) may hold a closed meeting to discuss the sale or purchase of identifiable securities, investment funds, or investment contracts.(4) A paper, electronic, or other depiction or record of information relating to investment activities of a fund described in Subsection (1) is not subject to Title 63G, Chapter 2, Government Records Access and Management Act.Amended by Chapter 510, 2024 General Session ,§ 1, eff. 5/1/2024.Amended by Chapter 418, 2024 General Session ,§ 1, eff. 5/1/2024.Amended by Chapter 492, 2024 General Session ,§ 1, eff. 5/1/2024.Amended by Chapter 139, 2023 General Session ,§ 17, eff. 5/3/2023.Amended by Chapter 328, 2023 General Session ,§ 58, eff. 5/3/2023.Amended by Chapter 242, 2023 General Session ,§ 2, eff. 5/3/2023.Amended by Chapter 298, 2022 General Session ,§ 1, eff. 7/1/2022.Amended by Chapter 186, 2022 General Session ,§ 1, eff. 3/22/2022.Amended by Chapter 33, 2021 General Session ,§ 2, eff. 5/5/2021.Amended by Chapter 404, 2018 General Session ,§ 1, eff. 5/8/2018.Amended by Chapter 207, 2018 General Session ,§ 4, eff. 5/8/2018.Amended by Chapter 363, 2017 General Session ,§ 24, eff. 12/31/2017.Amended by Chapter 343, 2017 General Session ,§ 3, eff. 5/9/2017.Amended by Chapter 319, 2015 General Session ,§ 1, eff. 7/1/2015.Amended by Chapter 211, 2013 General Session ,§ 1, eff. 5/14/2013.Amended by Chapter 46, 2011 General Session