Utah Administrative Code
Topic - Governor
Title R357 - Economic Opportunity
Rule R357-7 - Utah Capital Investment Board
Section R357-7-8 - Criteria and Procedures for Assessing the Likelihood of Future Certificate Redemption
Universal Citation: UT Admin Code R 357-7-8
Current through Bulletin 2024-06, March 15, 2024
(1) Each year, the Corporation and/or the allocation manager designated in accordance with U.C.A. Section 63N-6-301(2)(b) will provide the Board with a comprehensive report including the following:
(a) A detailed accounting of cash outflows
and cash inflows from investments made by each Utah Fund of Funds during the
previous Calendar Year.
(b) A
detailed accounting of payments made to lenders to or equity investors in each
Utah Fund of Funds during the previous Calendar Year.
(c) A detailed accounting of management fees
paid to the Corporation by each Utah Fund of Funds during the previous Calendar
Year.
(d) A detailed accounting of
increases or decreases in unrealized value of the assets of each Utah Fund of
Funds during the Previous Calendar Year.
(e) A five year projection of cash flows with
sensitivity around investment returns, interest rates and distribution pacing
for each Utah Fund of Funds.
(f)
Third party audit of each Utah Fund of Funds including asset valuation as of
the end of the previous Calendar Year.
(g) The internal rate of return on each
investment made by each Utah Fund of Funds through the end of the previous
Calendar Year.
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