Section 63N-21-401 - Annual report(1) On or before September 1 of each year, the innovation lab shall publish an annual report of the activities conducted by the Utah innovation fund and submit, in accordance with Section 68-3-14, the written report to: (b) the Business, Economic Development, and Labor Appropriations Subcommittee;(c) the Economic Development and Workforce Services Interim Committee; and(d) the Retirement and Independent Entities Interim Committee.(2) The annual report shall: (a) be designed to provide clear, accurate, and accessible information to the public, the governor, and the Legislature;(b) include a copy of the annual audit required under Section 63N-21-402;(c) describe the policies adopted by the board under Subsection 63N-21-203(1)(b);(d) include detailed information regarding: (i) the name and location of each qualified business that received capital from the Utah innovation fund;(ii) the amount of each qualified investment made by the Utah innovation fund;(iii) the aggregate amount of capital provided to qualified businesses;(iv) realized gains from qualified investments and any realized losses; and(v) unrealized gains and any unrealized losses based on the net present value of ongoing qualified investments;(e) include detailed information regarding the innovation lab's yearly expenditures, including:(i) administrative, operating, and financing expenses; and(ii) aggregate compensation information for full-time and part-time employees, including benefit and travel expenses;(f) include detailed information regarding all funding sources for administrative, operating, and financing expenses, including any fees charged by the innovation lab to the Utah innovation fund under Subsection 63N-21-201(4)(g); and(g) include an explanation of the Utah innovation fund's progress in achieving the purposes described in Subsection 63N-21-301(2).Added by Chapter 38, 2023 General Session ,§ 6, eff. 5/3/2023, technically renumbered.