Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate advances school trust-lands bills to expand investment oversight and extend task force
Summary
Senate Bill 20 (State Money Management Act amendments) and SB21 (reauthorization of the Public School Trust Lands Task Force) were reported favorably and advanced to third reading; sponsors emphasized improving trust-lands investment returns and requested a legislative audit while some senators urged a broader joint study.
Two related measures addressing management of school trust lands and the school trust portfolio advanced in the Utah Senate Jan. 23.
Senate Bill 20, presented by Senator Nelson, would amend the State Money Management Act to allow the school trust lands investment portfolio to be managed in a way that raises its investment potential while retaining conservative oversight; the bill also proposes an oversight committee to work with the state treasurer. "What we tried to do in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
