Utah Administrative Code
Topic - Governor
Title R357 - Economic Opportunity
Rule R357-7 - Utah Capital Investment Board
Section R357-7-10 - Criteria for Establishing the Target Rate of Return of the Investment Portfolio
Universal Citation: UT Admin Code R 357-7-10
Current through Bulletin 2024-06, March 15, 2024
For investment portfolios of each Utah Fund of Funds:
(1) The "Target Rate of Return" on venture capital investments of such Utah Fund of Funds is a minimum of 5%. The Corporation will submit to the Board annually a detailed accounting of the calculation of the rate of return. It is understood by the Board that returns in the early years of each Utah Fund of Funds will likely be negative.
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