Utah Statutes
§ 53C-2-412 — Land subject to federal mineral lease.
Utah·Title 53C School and Institutional Trust Lands Management Act·Ch. 53C-2 Activities on Trust Lands·Part 53C-2-4 Mineral Leases
(1)With respect to any tract of land in which the trust acquires or has acquired any interest subject to an outstanding federal mineral lease or prospecting permit, the lessee or permittee may submit a petition seeking extension of the permit or lease or any other action as may be necessary to give to the lessee or permittee any and all rights, privileges, and benefits which the lessee or permittee would have had under the permit or lease had the trust not acquired its interest in the tract.
(2)In consideration of the voluntary termination by the federal lessee or permittee of the lease or permit as it relates to that tract, the director may issue to that lessee or permittee a lease of the acquired tract or any portion of that tract for recovery of the same mineral substances, granting t
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Legislative History
Amended by Chapter 302, 2025 General Session
Nearby Sections
15
§ 53C-1-101
Title.§ 53C-1-102
Purpose.§ 53C-1-103
Definitions.§ 53C-1-203
Board of trustees nominating committee -- Composition -- Responsibilities -- Per diem and expenses.§ 53C-1-204
Policies established by board -- Director.§ 53C-1-304
Rules to ensure procedural due process -- Board review of director action -- Judicial review.§ 53C-1-307
Annual report.