Utah § 53C-2-413 Agreements for the administration of mineral leases by a federal agency.

Utah Statutes

§ 53C-2-413 — Agreements for the administration of mineral leases by a federal agency.

Utah § 53C-2-413

Title 53CSchool and Institutional Trust Lands Management Act

Ch. 53C-2Activities on Trust Lands

Part 53C-2-4Mineral Leases

This text of Utah § 53C-2-413 (Agreements for the administration of mineral leases by a federal agency.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 53C-2-413 (2026).

Text

(1)Where this trust has succeeded or will succeed to the position of the United States under a federal mineral or prospecting permit in which only a portion of the lands are subject to the permit, agreements may be entered into with the federal agency having jurisdiction over the remaining portion providing for the continued administration by that agency of the entire lease or permit or any lease pursuant to that permit.

(2)Consideration for continued administration by the federal agency may not exceed 10% of the revenue allocable to the trust's portion.

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(1) Where this trust has succeeded or will succeed to the position of the United States under a federal mineral or prospecting permit in which only a portion of the lands are subject to the permit, agreements may be entered into with the federal agency having jurisdiction over the remaining portion providing for the continued administration by that agency of the entire lease or permit or any lease pursuant to that permit.
(2) Consideration for continued administration by the federal agency may not exceed 10% of the revenue allocable to the trust's portion.