Utah § 63A-5b-806 Division rules on the value of property bought or exchanged -- Exception.

Utah Statutes

§ 63A-5b-806 — Division rules on the value of property bought or exchanged -- Exception.

Utah § 63A-5b-806

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-806 (Division rules on the value of property bought or exchanged -- Exception.) 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-806 (2026).

Text

(1)The division shall, in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, make rules to ensure that, if the division buys or exchanges real property, the value of the real property is congruent with the proposed price and other terms of the purchase 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 in 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 in Section 61-2g-102.

(3)The rules adopted under Subsection (1) do not apply to the purchase or exchange of real property, or an interest in real property:

(3)(a) with a value of less than $500,0

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(1) The division shall, in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, make rules to ensure that, if the division buys or exchanges real property, the value of the real property is congruent with the proposed price and other terms of the purchase 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 in 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 in Section 61-2g-102.
(3) The rules adopted under Subsection (1) do not apply to the purchase or exchange of real property, or an interest in real property:
(3)(a) with a value of less than $500,000, as estimated by the division; or
(3)(b) if the real property is part or all of the consideration received in exchange for division-owned real property conveyed, leased, or disposed of under Subsection 63A-5b-303(1)(a)(viii).