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Utah County commissioners approve resolution opposing SEC proposal on 'natural asset companies'
Summary
The Utah County Commission approved a resolution urging the Securities and Exchange Commission to reconsider a proposed rule enabling "natural asset companies" (NACs), citing concerns about local control of public lands, property rights and potential foreign or private control of conservation assets; commissioners praised State Treasurer Marlo Oakes for national leadership.
The Utah County Commission voted to approve a resolution on Jan. 17 urging the U.S. Securities and Exchange Commission to reconsider a proposed rule to allow the creation of "natural asset companies" (NACs), a new investment vehicle described in the resolution as enabling investors to profit from the protection of natural resources.
Chair read portions of the 12'page resolution, saying the proposal originated with the Intrisc Exchange Group in partnership with the New York Stock Exchange and noting…
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