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ALLEN v. RAMPTON

No. 11804.

463 P.2d 7 (1969)

23 Utah 2d 336

Golden L. ALLEN, State Treasurer, Plaintiff and Appellant, v. Calvin L. RAMPTON, Governor of the State of Utah, Sherman J. Preece, State Auditor of Utah, Herbert F. Smart, Director of Finance, W. Smoot Brimhall, Commissioner, Financial Institutions, and the Board of Examiners of the State of Utah, Defendants and Respondents.

Supreme Court of Utah.

December 31, 1969.

Attorney(s) appearing for the Case

A.M. Ferro, Sp. Asst. Atty. Gen., Salt Lake City, for appellant.

Raymond W. Gee, Sp. Asst. Atty. Gen., Salt Lake City, for respondents.

ELLETT, Justice.

Appellant, Allen, is the duly elected, qualified, and acting treasurer of the State of Utah. The recent legislature enacted Chapter 206, Laws of Utah 1969, known as the State Money Management Act, which among other things created a division of investments in the office of the state treasurer. It further created an investment council within the division of investments to be composed of the state treasurer, the commissioner of financial institutions...

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