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Treasurer Marlo M. Oaks issued the following statement regarding an announcement the New York Stock Exchange (NYSE) has withdrawn its proposal under consideration by the Securities and Exchange Commission (SEC) that would have allowed for the …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 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 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, …