Section 51-12-201 - Investment opportunities(1) A qualified depository may request the state treasurer to make a deposit in the qualified depository if the qualified depository:(a) has identified and approved for financing a qualified project; and(b) requests no more than 100% of the financing for a qualified project.(2) Subject to Subsection (3), the state treasurer shall approve the qualified depository's request for deposit: (a) unless the state treasurer determines the qualified depository does not merit deposit under fiduciary duties and prudent investment practices within the parameters of this chapter;(b) in an amount that is equal to the lesser of:(i) the deposit amount requested;(iii) 50% of the qualified depository's maximum amount of public deposits determined in accordance with Section 51-7-18.1; and(c) as sufficient money becomes available in the fund and in accordance with Subsection 72-2-134(4)(a).(3) The state treasurer may not approve a request for deposit after December 31, 2025.(4) The state treasurer shall notify Utah Housing Corporation of any qualified projects for which the state treasurer makes a deposit in a qualified depository.Added by Chapter 510, 2024 General Session ,§ 4, eff. 5/1/2024.