Vol. 2010, No. 11 (06/01/2010) PDF - Administrative Rules - Utah.gov

FIVE-YEAR NOTICES OF REVIEW AND STATEMENTS OF CONTINUATION DAR File No. 33620
NOTICE OF REVIEW AND STATEMENT OF
CONTINUATION
CONCISE EXPLANATION OF THE PARTICULAR
STATUTORY PROVISIONS UNDER WHICH THE RULE IS
ENACTED AND HOW THESE PROVISIONS AUTHORIZE
OR REQUIRE THE RULE: The definition of an investment
adviser under Section 51-7-3 requires that any adviser
wishing to become certified to do business with Utah public
treasurers meet criteria of Council Rule. Section 51-7-11.5
requires certified investment advisers to meet requirements of
Council Rule. In addition, Subsection 51-7-18(2) gives the
Money Management Council the authority to make rules
governing certified investment advisers and provide standings
and requirements for the regulation and qualification of
certified investment advisers.
SUMMARY OF WRITTEN COMMENTS RECEIVED DURING
AND SINCE THE LAST FIVE YEAR REVIEW OF THE RULE
FROM INTERESTED PERSONS SUPPORTING OR
OPPOSING THE RULE: No written comments have been
received.
REASONED JUSTIFICATION FOR THE CONTINUATION OF
THE RULE, INCLUDING REASONS WHY THE AGENCY
DISAGREES WITH COMMENTS IN OPPOSITION TO THE
RULE, IF ANY: This rule has been in place for five years and
has provided the Council with the ability to watch over
certified investment advisers to make sure that the advisers
are investing public funds in accordance with the Money
Management Act, Title 51, Chapter 7. The rule needs to be
continued to provide requirements for certification, which
include insurance coverage, minimum accounting standards,
forum and methods for dispute resolution, and requiring the
investment adviser to be familiar with the Act and Rules of the
Council, as there are several public treasurers utilizing
Certified investment advisers at this time.
THE FULL TEXT OF THIS RULE MAY BE INSPECTED,
DURING REGULAR BUSINESS HOURS, AT:
MONEY MANAGEMENT COUNCIL
ADMINISTRATION
ROOM 180 UTAH STATE CAPITOL COMPLEX
350 N STATE ST
STE 180
SALT LAKE CITY, UT 84114
or at the Division of Administrative Rules.
DIRECT QUESTIONS REGARDING THIS RULE TO:
♦ Ann Pedroza by phone at 801-538-1883, by FAX at
801-538-1465, or by Internet E-mail at apedroza@utah.gov
AUTHORIZED BY: William Wallace , Chair
EFFECTIVE: 05/05/2010
33636
Public Safety, Criminal Investigations
and Technical Services, Criminal
Identification
R722-310
Regulation of Bail Bond Recovery and
Enforcement Agents
FIVE-YEAR NOTICE OF REVIEW AND STATEMENT
OF CONTINUATION
DAR FILE NO.: 33636
FILED: 05/12/2010
NOTICE OF REVIEW AND STATEMENT OF
CONTINUATION
CONCISE EXPLANATION OF THE PARTICULAR
STATUTORY PROVISIONS UNDER WHICH THE RULE IS
ENACTED AND HOW THESE PROVISIONS AUTHORIZE
OR REQUIRE THE RULE: Subsection 53-11-103(5) requires
the Commissioner of Public Safety to make rules and
establish procedures for issuing licenses to and regulation of
Bail Bond Recovery and Enforcement Agents.
SUMMARY OF WRITTEN COMMENTS RECEIVED DURING
AND SINCE THE LAST FIVE YEAR REVIEW OF THE RULE
FROM INTERESTED PERSONS SUPPORTING OR
OPPOSING THE RULE: No written comments have been
received.
REASONED JUSTIFICATION FOR THE CONTINUATION OF
THE RULE, INCLUDING REASONS WHY THE AGENCY
DISAGREES WITH COMMENTS IN OPPOSITION TO THE
RULE, IF ANY: This rule is needed to establish procedures
for determining applicant eligibility to receive a license for Bail
Bond Recovery and Enforcement Agents. Therefore, this rule
should be continued.
THE FULL TEXT OF THIS RULE MAY BE INSPECTED,
DURING REGULAR BUSINESS HOURS, AT:
PUBLIC SAFETY
CRIMINAL INVESTIGATIONS AND TECHNICAL
SERVICES, CRIMINAL IDENTIFICATION
3888 W 5400 S
TAYLORSVILLE, UT 84118
or at the Division of Administrative Rules.
DIRECT QUESTIONS REGARDING THIS RULE TO:
♦ Alice Erickson by phone at 801-965-4939, by FAX at
801-965-4944, or by Internet E-mail at aerickso@utah.gov
AUTHORIZED BY: Alice Erickson , Bureau Chief
EFFECTIVE: 05/12/2010
130 UTAH STATE BULLETIN, June 01, 2010, Vol. 2010, No. 11