Utah § 63A-5b-801 Definitions.

Utah Statutes

§ 63A-5b-801 — Definitions.

Utah § 63A-5b-801

Title 63AUtah Government Operations Code

Ch. 63A-5bAdministration of State Facilities

Part 63A-5b-8Acquisitions of Real Property Interests

This text of Utah § 63A-5b-801 (Definitions.) 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. § 63A-5b-801 (2026).

Text

As used in this part:

(1)"Agency optional term" means an option that is exclusively exercisable by a leasing agency to extend the lease term.

(2)"High-cost lease" means a real property lease that:

(2)(a) has an initial term including any agency optional term of 10 years or more; or

(2)(b) will require lease payments of more than $5,000,000 over the term of the lease, including any agency optional term.

(3)(3)(a) "Leasing agency" means a department, commission, board, council, agency, institution, officer, corporation, fund, division, office, committee, authority, laboratory, library, unit, bureau, panel, or other administrative unit of the state.

(3)(b) "Leasing agency" does not include:

(3)(b)(i) the legislative branch;

(3)(b)(ii) the judicial branch; and

(3)(b)(iii) an institution of

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As used in this part:
(1) "Agency optional term" means an option that is exclusively exercisable by a leasing agency to extend the lease term.
(2) "High-cost lease" means a real property lease that:

(2)(a) has an initial term including any agency optional term of 10 years or more; or
(2)(b) will require lease payments of more than $5,000,000 over the term of the lease, including any agency optional term.
(3) (3)(a) "Leasing agency" means a department, commission, board, council, agency, institution, officer, corporation, fund, division, office, committee, authority, laboratory, library, unit, bureau, panel, or other administrative unit of the state.
(3)(b) "Leasing agency" does not include:
(3)(b)(i) the legislative branch;
(3)(b)(ii) the judicial branch; and
(3)(b)(iii) an institution of higher education.
(4) "Significant lease terms" includes the duration of the lease, the frequency of the periodic payments, a renewal clause, a purchase option, a cancellation clause, a repair and maintenance clause, and a restriction on use of the property.