Section 21-21K-7 - Reports.
21-21K-7. Reports.
A. The board shall annually submit to the governor and to the appropriate interim legislative committee a report including:
(1) the board's fiscal transactions during the preceding fiscal year;
(2) the market and book value of the fund as of the end of the preceding fiscal year;
(3) the asset allocations of the fund expressed in percentages of stocks, fixed income securities, cash or other financial assets;
(4) the rate of return on the investment of the fund's assets during the preceding fiscal year;
(5) an actuarial valuation of the assets and liabilities of the program, including the extent to which the program's liabilities are unfunded; and
(6) complete prepaid tuition contract sales information, including projected enrollments of beneficiaries at institutions of higher education.
B. The board shall make the report described by Subsection A available to purchasers of prepaid tuition contracts and investments under college investment agreements.