Utah legislation · 2025 General Session
Utah HB464: State Sovereignty Fund
Status: Signed into law, March 25, 2025
This bill creates the State Sovereignty Fund.
What the bill says
From the amended text:
State Sovereignty Fund 2025 GENERAL SESSION STATE OF UTAH Chief Sponsor: Joseph Elison Senate Sponsor: Chris H. Wilson LONG TITLE General Description: This bill creates the State Sovereignty Fund. Highlighted Provisions: This bill: - defines terms; - establishes the State Sovereignty Fund; - provides for the funding, investment, and distribution of the State Sovereignty Fund; and - makes technical and conforming changes. Money Appropriated in this Bill: None Other Special Clauses: None Utah Code Sections Affected: AMENDS: 51-7-2 , as last amended by Laws of Utah 2024, Chapters 418, and 510 63J-1-312 , as last amended by Laws of Utah 2022, Chapter 456 63J-1-313 , as last amended by Laws of Utah 2022, Chapter 456 ENACTS: 51-13-101 , Utah Code Annotated 1953 51-13-201 , Utah Code Annotated 1953 51-13-202 , Utah Code Annotated 1953 Be it enacted by the Legislature of the state of Utah: Section 1, Section 51-7-2 is amended to read: 51-7-2. Exemptions from chapter. (1) Except as provided in Subsection (2), the following funds are exempt from this chapter: (a) funds invested in accordance with the participating employees' designation or direction pursuant to a public employees' deferred compensation plan established and operated in compliance with Section 457 of the Internal Revenue Code of 1986, as amended; (b) funds of the Utah State Retirement Board; (c) funds of …
Sponsors
- Elison, Joseph (R, 72) · primary sponsor
- Wilson, Chris H. (R, 2)
- Nelson Abbott (R, 57)
- Cheryl Acton (R, 38)
- Carl Albrecht (R, 70)
- Tiara Auxier (R, 4)
- Ballard, Melissa G. (R, 20)
- Barlow, Stewart E. (R, 17)
- Bolinder, Bridger (R, 29)
- Brooks, Walt (R, 75)
- Burton, Jefferson S. (R, 64)
- Chevrier, Kristen (R, 54)
Latest actions
- : Governor Signed
- : House/ to Governor
- : House/ received enrolled bill from Printing
- : House/ enrolled bill to Printing
- : Enrolled Bill Returned to House or Senate
- : Draft of Enrolled Bill Prepared
- : Bill Received from House for Enrolling
- : House/ signed by Speaker/ sent for enrolling
- : House/ received from Senate
- : Senate/ to House
Votes
- Senate/ passed 2nd & 3rd readings/ suspension (March 7, 2025): 20 yea, 3 nay, passed
- Senate Comm - Favorable Recommendation (March 3, 2025): 4 yea, 0 nay, passed
- House/ passed 3rd reading (February 26, 2025): 69 yea, 0 nay, passed
- House Comm - Substitute Recommendation (February 20, 2025): 11 yea, 0 nay, passed
- House Comm - Favorable Recommendation (February 20, 2025): 11 yea, 0 nay, passed
Subjects: Department of Government Operations, Division of Finance, REITZ, AARON F. (NM0TC), Appropriations, Workers’ compensation: medical-legal expenses: fee schedule., Public Funds and Accounts
Common questions
- What is HB464?
- HB464 is a bill in the Utah Legislature (2025 General Session): State Sovereignty Fund.
- What does HB464 do?
- This bill creates the State Sovereignty Fund.
- What is the status of HB464?
- Signed into law as of March 25, 2025. Latest action: Governor Signed (March 25, 2025).
- Who sponsored HB464?
- Elison, Joseph (R, 72), with 11 co-sponsors.
- Where is the official record for HB464?
- On the Utah Legislature website: https://le.utah.gov/~2025/bills/static/HB0464.html
Source: official Utah record. Tracked by Delilah, AI for legislation across all 50 states and Congress.