Financing
The Utah Fund of Funds $120M financing was provided by a third party, and is backed by refundable, transferable, contingent State of Utah tax credits approved by the Utah Legislature. The program is structured to be financially self-sustaining, with profits from Utah Fund of Funds investments paying back financers. Only in the case of a shortfall would the state be required to place tax credit funds into the Utah Fund of Funds.
Read more about this topic: Utah Venture Capital Enhancement Act