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 …
Treasurer Oaks issues statement on U.S. Department of Treasury’s “Principles for Net-Zero Financing & Investment”
SALT LAKE CITY – September 21, 2023 – Utah Treasurer Marlo M. Oaks has issued the following statement regarding the U.S. Department of Treasury’s “Principles for Net-Zero Financing & Investment.” The U.S. Department of Treasury’s “Principles for Net-Zero Financing & Investment” are yet another example of what Benito Mussolini identified as Corporatism, the merger of State and corporate power. The …
Treasurer Oaks invites Utah women to attend financial empowerment conference on Sept. 28-29
SALT LAKE CITY – September 12, 2023 – Utah Treasurer Marlo M. Oaks invites Utah women to attend the fifth annual, hybrid Utah Women in the Money Conference. The conference will be held in-person at the Sheraton Salt Lake Hotel and virtually on Thursday, September 28 from 6 p.m. – 8 p.m. and Friday, September 29 from 8:30 a.m. – …
Treasurer Oaks announces new statewide investment challenge for Utah students
SALT LAKE CITY – September 11, 2023 – Utah Treasurer Marlo M. Oaks has launched a new statewide investment challenge for Utah students in grades 4-12. The Utah Treasurer’s Investment Challenge is a 10-week simulation of Wall Street investing on the StockTrak platform. The program provides a framework for Utah students to learn about the U.S. economy and financial markets. …
National Association of State Treasurers warns public of fraudulent unclaimed property contact attempts
WASHINGTON, DC – July 12, 2023 – The National Association of Unclaimed Property Administrators (NAUPA) and the National Association of State Treasurers (NAST) today issued a public advisory regarding fraudulent attempts to contact individuals about unclaimed property. It is crucial for the public to be aware that NAUPA and NAST will never directly contact individuals regarding unclaimed property, and any such …
Utah Treasurer Marlo Oaks appoints Mark Siddoway and David Zucker to SITFO Board of Trustees
SALT LAKE CITY – June 5, 2023 – Utah Treasurer Marlo M. Oaks today announced the appointment of Mark Siddoway and David Zucker to the School and Institutional Trust Funds Office (SITFO) Board of Trustees. When Utah became a state in 1896, Congress granted approximately seven million acres of land into 12 separate trusts for the support of state institutions, …
Utah Treasurer and Utah Department of Veterans & Military Affairs reunite $709,000 with 750 Veterans in campaign launched in November 2022
SALT LAKE CITY – May 25, 2023 – The Utah Department of Veterans & Military Affairs (UDVMA) and the Utah Office of State Treasurer have reunited $709,197 in lost money with 750 Veterans as the result of a joint campaign launched in November 2022. By securely matching records through the Utah Division of Technology Services, the two agencies were able …
Treasurer Oaks joins multi-state effort to defend Americans’ investment returns against politicized shareholder proposals
State treasurers, auditors and financial officers send letters to largest asset managers and proxy advisory firms seeking answers to firms’ questionable proxy voting practices and recommendations SALT LAKE CITY – May 17, 2023 – Utah Treasurer Marlo M. Oaks joined 21 other treasurers, auditors and financial officers from a total of 19 states in letters to the nation’s largest asset …