DAR File No. 40610

Navajo Trust Fund, Trustees

Rule R661-15

Indemnification

Notice of Proposed Rule

(New Rule)

DAR File No.: 40610
Filed: 07/15/2016 11:36:02 PM

RULE ANALYSIS

Purpose of the rule or reason for the change:

This rule is promulgated as required by Subsection 51-10-205(4)(a).

Summary of the rule or change:

This rule indemnifies the UNTF.

Statutory or constitutional authorization for this rule:

• Subsection 51-10-205(4)(a)

Anticipated cost or savings to:

the state budget:

There is no anticipated cost or savings to state budget as a result of this rule because this rule simply indemnifies the UNTF from any liability for funds allocated according to its rules.

local governments:

There is no anticipated cost or savings to local government as a result of this rule because this rule simply indemnifies the UNTF from any liability for funds allocated according to its rules.

small businesses:

There is no anticipated cost or savings to small businesses as a result of this rule because this rule simply indemnifies the UNTF from any liability for funds allocated according to its rules.

persons other than small businesses, businesses, or local governmental entities:

There is no anticipated cost or savings to persons other than small businesses, businesses or local government entities a result of this rule because this rule simply indemnifies the UNTF from any liability for funds allocated according to its rules.

Compliance costs for affected persons:

There is no compliance costs for affected persons as a result of this rule because this rule simply indemnifies the UNTF from any liability for funds allocated according to its rules.

Comments by the department head on the fiscal impact the rule may have on businesses:

There is no fiscal impact on businesses as a result of this rule because this rule simply indemnifies the UNTF from any liability for funds allocated according to its rules.

David Damschen, Treasurer

The full text of this rule may be inspected, during regular business hours, at the Office of Administrative Rules, or at:

Navajo Trust Fund
TrusteesRoom 180
350 N State Street
Salt Lake City, UT 84114

Direct questions regarding this rule to:

• Katharine Kinsman at the above address, by phone at 801-366-0140, by FAX at , or by Internet E-mail at [email protected]

Interested persons may present their views on this rule by submitting written comments to the address above no later than 5:00 p.m. on:

08/31/2016

This rule may become effective on:

09/07/2016

Authorized by:

David Damschen, State Treasurer

R661. Navajo Trust Fund, Trustees.

R661-15. Indemnification.

R661-15-1. Indemnification.

All recipients of Utah Navajo Trust Fund (UNTF) funds agree to indemnify, save harmless, and release UNTF and the State of Utah, and all their officers, agents, volunteers and employees from and against any and all loss, damages, injury, liability, suits, and proceedings arising out of the use of UNTF funds by Recipient(s), their agents, heirs or assigns.

 

KEY: indemnification

Date of Enactment or Last Substantive Amendment: 2016

Authorizing, Implemented, or Interpreted Law: 51-10-205(4)(a)