Utah Statutes
§ 53C-4-201 — Surface leases and user permits -- Procedures for issuing leases and user permits.
Utah·Title 53C School and Institutional Trust Lands Management Act·Ch. 53C-4 Sales, Exchanges, and Leases of Trust Lands·Part 53C-4-2 Surface Leases and Easements
(1)The director may issue surface leases and user permits of trust lands for any term consistent with sound and prudent real estate practices.
(2)This section does not apply to leases for grazing, oil, gas, and hydrocarbons, or other minerals.
(3)(3)(a) (3)(a)(i) Surface leases or user permits may be entered into by negotiation, public auction, or other public competitive bidding process as determined by rules of the director.
(3)(a)(ii) The director may lease trust lands for development and subsequent sale of all or portions of such lands to third parties for no less than fair market value.
(3)(b) Requests for proposals (RFP) on trust lands may be offered by the director after public notice.
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Legislative History
Amended by Chapter 247, 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.