This November, Utahns will vote to raise the cap on annual distributions from this $3.3 billion permanent endowment for Utah schoolchildren. SALT LAKE CITY – May 6, 2024 – Utah Treasurer Marlo M. Oaks announced the Permanent State School Fund, an endowment created at statehood to support public schools, now tops $3.3 billion. Each school year, Utah students receive distributions from …
Utah Jump$tart Coalition, Utah Treasurer Marlo Oaks, and Utah State Board of Education seek nominations for Utah Financial Education Hall of Fame
SALT LAKE CITY – April 4, 2024 – The Utah Jump$tart Coalition, Utah Treasurer Marlo M. Oaks, and the Utah State Board of Education today announced the launch of the Utah Financial Education Hall of Fame, which recognizes Utah educators and administrators who exemplify excellence in empowering Utah’s youth with financial knowledge and skills. The nomination period for the five award …
Utah students to be honored for winning statewide investment competition at January 26 awards banquet
Treasurer Oaks to recognize Utah students and teachers for winning the Fall 2023 Utah Treasurer’s Investment Challenge SALT LAKE CITY – January 24, 2024 – Utah Treasurer Marlo M. Oaks today announced his office is hosting an awards banquet to honor the winners of the Fall 2023 Utah Treasurer’s Investment Challenge on Friday, January 26. The banquet will feature student speeches and a …
Curtis introduces bill to prevent Wall Street from controlling Utah’s land
WASHINGTON, D.C. – January 19, 2024 – Today, Representative John Curtis (R-UT) introduced a bill to protect Utah’s public lands from Wall Street activist investors. The bill prohibits Natural Asset Companies, or any similar entity, from entering into any agreement that would impact land in the state of Utah. “Wall Street shouldn’t be allowed to control Utah’s land just to …
Treasurer Oaks releases statement on NYSE decision to withdraw Natural Asset Company proposal
Proposal would have caused significant harm to rural economies by removing land from productive use SALT LAKE CITY – January 17, 2024 – Utah Treasurer Marlo M. Oaks issued the following statement regarding an announcement the New York Stock Exchange (NYSE) has withdrawn its proposal under consideration by the Securities and Exchange Commission (SEC) that would have allowed for the …
Treasurer Oaks releases statement on SEC announcement to delay decision on Natural Asset Company proposal and reopen public comments
Proposal could cause significant harm to rural economies by removing land from productive use SALT LAKE CITY – December 22, 2023 – Utah Treasurer Marlo M. Oaks issued the following statement regarding an announcement that the Securities and Exchange Commission is delaying the decision on the New York Stock Exchange’s (NYSE) Natural Asset Company proposal, reopening public comments, and instituting …
Treasurer Oaks and Glenn Beck discuss proposal to allow for the creation of a new type of company designed to lock up private and public lands
SALT LAKE CITY – December 13, 2023 – Treasurer Oaks joined Glenn Beck to discuss a proposal under consideration by the Securities and Exchange Commission (SEC) to allow the New York Stock Exchange (NYSE) to list a new type of company called Natural Asset Companies (NACs) for public investment. NACs will buy the “ecosystem services” on private, federal, and state …
Treasurer Oaks opposes SEC proposal to allow for the creation of a new type of company designed to lock up private and public lands
Proposal could cause significant harm to rural economies by removing land from productive use SALT LAKE CITY – December 11, 2023 – Utah Treasurer Marlo M. Oaks opposes a proposal under consideration by the Securities and Exchange Commission (SEC) that would allow for the creation and listing of a new type of company called a Natural Asset Company (NAC) on …
Treasurer Oaks publishes Utah’s second-ever Debt Affordability Study
SALT LAKE CITY – November 1, 2023 – The Utah Office of State Treasurer has published the State’s second-ever Debt Affordability Study. During the 2022 General Legislative Session, the legislature passed House Bill 82, which establishes a commission of State officials to oversee the borrowing and lending activities of the State and requires the Office of State Treasurer to publish …
Treasurer Oaks prepares to send tens of millions of dollars to Utahns through new MyCash Now program
SALT LAKE CITY – November 1, 2023 – Utah Treasurer Marlo M. Oaks today announced the launch of MyCash Now, a new Utah Unclaimed Property Division program that will result in up to $65 million being automatically mailed to Utahns by the end of the year. “This is the most significant development in Utah’s unclaimed property history since the Unclaimed …