Utah Statutes
§ 53C-4-103 — Rulemaking for sale of real property -- Licensed or certified appraisers -- Exceptions.
Utah·Title 53C School and Institutional Trust Lands Management Act·Ch. 53C-4 Sales, Exchanges, and Leases of Trust Lands·Part 53C-4-1 Sales of Trust Lands
(1)In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, if the administration buys, sells, or exchanges real property, the administration shall make rules to ensure that the value of the real property is congruent with the proposed price and other terms of the purchase, sale, or exchange.
(2)The rules:
(2)(a) shall establish procedures for determining the value of the real property;
(2)(b) may provide that an appraisal, as defined under Section 61-2g-102, demonstrates the real property's value; and
(2)(c) may require that the appraisal be completed by a state-certified general appraiser, as defined under Section 61-2g-102.
(3)Subsection (1) does not apply to the purchase, sale, or exchange of real property, or to an interest in real property:
(3)(a) that is und
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Utah § 53C-4-103 (Rulemaking for sale of real property -- Licensed or certified appraisers -- Exceptions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 289, 2011 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.