Utah Gov. Leavitt Keeping WCF Under State Control

Gov. Mike Leavitt, who last month made his case to both the Senate and the House that Utah's State Compensation Fund (WCF) is in danger of losing its tax-exempt status, has long weighed the option of selling the fund outright, forming a stock or mutual company, reverting WCF to full control as a state agency or doing nothing. In the end, it was the latter decision that prevailed. Leavitt's decision means that the insurance fund will remain a quasi-state agency that gives him appointment powers over the board of directors. The Governor's "no change" decision comes after months of pres...