Utah § 67-4-16 - State financial advisor -- Duties -- Conflict of interest restrictions.

Full text of Utah Utah Code § 67-4-16 — State financial advisor -- Duties -- Conflict of interest restrictions., with citation guidance and answers to common questions.

§ 67-4-16. State financial advisor -- Duties -- Conflict of interest restrictions.

Effective 7/1/2021
67-4-16.  State financial advisor -- Duties -- Conflict of interest restrictions.
(1) The state treasurer may hire a state financial advisor on a fee-for-service basis.
(2) The state financial advisor shall advise the state treasurer, the executive director of the Governor's Office of Planning and Budget, the director of the Division of Finance, the director of the Division of Facilities Construction and Management, and the Legislature and its staff offices on the issuance of bonds and other debt, and on all other public debt matters generally.
(3) The financial advisor may assist in the preparation of the official statement, represent the state's creditworthiness before credit rating agencies, and assist in the preparation, marketing, or issuance of public debt.
(4)
(a) The state financial advisor or the firm that the advisor represents may not negotiate to underwrite debt issued by the state of Utah for which he has provided financial advisor services.
(b) The state financial advisor may enter a competitive bid, either for his own account or in cooperation with others, in response to a call for public bids for the sale of state debt.
(5)
(a) Fees directly related to the preparation, marketing, or issuance of public debt, including ordinary and necessary expenses, may be paid from the debt proceeds.
(b) Fees for other services shall be paid from the state treasurer's budget.


Amended by Chapter 382, 2021 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 67-4-16

What does Utah Code § 67-4-16 cover?

Section 67-4-16 ("State financial advisor -- Duties -- Conflict of interest restrictions.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 67-4-16?

A common citation format is "Utah Code § 67-4-16" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 67-4-16 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.